Russell 2000 Makes It Back to 'Bull Flag' Resistance Leaving 'Bear Trap' Behind
Over the course of Thursday and Friday the Russell 2000 reversed what had looked like a runaway breakdown into a counter rally and potential breakout. Now it's the time for shorts, FOMO longs and existing longs to pressure resistance. Action over the last two days of the week was particularly tasty particularly if you are looking for an extension of the August-October rally. Better still, there isn't a whole lot of competition from other indices for trading opportunities. Long risk measured from a stop below 1,454.