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NorthmanTrader

Markets-Macro-Charts-Crypto-Alerts-Technicals

The Russell’s Big Day

It’s been a long, long time coming but the Russell 2000 finally touched its 200MA. How long? Well not since the rally began in November 2012:

$RUT

Many people had been hoping for a retrace to this level to buy this test. Are they now? Of course not, now they are scared. Although you couldn’t tell from the $VIX.

The game plan? From my perch this scenario still looks very viable.

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Categories: Daily Market Brief

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