Wednesday, July 29, 2015

SPX, RUT, HYG:TLT: RUT Captures Target

Short on time, so I'll let the charts do ALL the talking:



In conclusion, recent targets have been captured, which means that, presently, the near-term picture is a little muddy.  We can't know exactly what the market will do every step of the way, after all, and have to content ourselves with those moments when we do know.  Nothing has changed regarding the intermediate picture, which still modestly favors the bears.  Trade safe.

No comments:

Post a Comment