Daily Market Commentary: 20-day MAs Tested
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirLMPbbkl3upL6g7SgVYiwTHhNOecg2DHofZ1pscEUzK0_wKF6-Loit78zNctwZciRelPxNtGM5ACDU7FjD4CjUX65sDDH2NVApqYje54hM3oSF4WchH8WeaD8lhx4x45l_TPwrA/s1600/RUTX_Jun26.png)
A good day for indices saw sufficient strength for 20-day MAs to be tested. The Russell 2000 had the best of the action; it gained 1.7% to close the gap to its 20-day MA and bring the index to former declining resistance (since weakened by the 'bull trap'). However, there was a more significant relative strength change towards Small Caps and away from Large Caps and Technology - this is a more bullish development if the rally can advance past the June swing high.