Russell 2000 gets closer to 200-day MA as Friday's gains hold
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQZAGGSyk6MzRhCqiwhj16w_NYc2VcXt-3xRZYTgSY4yNndkfsFu5RN2Qw8pc45wREq-fNnO2rTPmP8J1gMWxdLAe3zULVEGl776bI6JjPtZEMHY8AoHpgxSD-IBrU5dLy5w9BeyP_lLG52NT62yzIa9qZ2g2a_0oSBz-DKoMdfvMoVXsXWA/s16000/IWM_Oct31c.png)
After Friday's strong finish there was the potential for bears to stew over the weekend and attack on Monday, and although sellers were able to do some damage - they weren't able to do more than they did at the open. Given that, the Russell 2000 was able to protect itself from the sellers and managed to make a modest gain as it looks ready to challenge its 200-day MA, perhaps as soon as tomorrow. Technicals are net bullish and relative performance has accelerated in the latter part of the month to its peers.