The Nasdaq had a modestly lower close. No real change here.
It was a similar experience for the Russell 2000. Small losses for the day remained confined to the upper range of yesterday's trading action.
For tomorrow, watch for tight pre-market action. This would create a bullish handle (on an hourly time interval), offering a low risk swing trade. Preference is for upside, but don't be caught out if things take a larger turn lower.
You've now read my opinion, next read Douglas' and Jani's.
---
Accepting KIVA gift certificates to help support the work on this blog. All certificates gifted are converted into loans for those who need the help more.
Follow Me on Twitter
Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com, and Product Development Manager for ActivateClients.com. I do a weekly broadcast on Friday's at 13:30 GMT for Tradercast, covering indices, FX and gold, silver and oil - all are welcome! You can read what others are saying about Zignals on Investimonials.com.
JOIN ZIGNALS TODAY - IT'S FREE!