Small Caps - IWM

[tsptalk]

The Russell 2000 has a healthy gain this morning, but it just filled an open gap from March (and stalled) so the real work may begin now. It's also still in a possible big bear flag. Important juncture here...

 

[tsptalk]

The Russell 2000 is not the S-fund but they tend to run together.

This morning the Russell (and the S-fund) were down sharply, but so far the IWM only went down enough to fill an open gap, and since it is trying to bounce back. The dip buyers are desperate to get in, although that's typical backing and filling action.

 

[Bullitt]

Possible retest of breakout today.

 

[tsptalk]

It's a good looking chart if it can hold 205.

 

[Bullitt]

Possible bull trap now for those who traded the breakout. Same with S&P and Nasdaq.

 

[Bullitt]

I keep hearing the buy side advisors talk about how it's a broad rally, but small caps still trying to get thru that 205 level.

 

[tsptalk]