Yesterday's selling was a flash in the pan quickly undone by today's trading. The Russell 2000 sharply advanced, taking out the August swing high with technicals all firmly in the green. The only negative was the lower volume, but this is a marked advance after the successful test of the 200-day MA.
The gain in the Russell 2000 is an indication markets are steering towards a more sustainable rally, despite the negative news and proximity of the election. The Nasdaq and S&P are both offering long-side trade opportunities for those willing to take on risk at this time.You've now read my opinion, next read Douglas' blog.
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