Here is the Russell 2000 Gameplan.
As the indices trend up, here are three points of interest you want to keep an eye on.
At each of these points of interest, you'll likely see price face resistance.
What you want to keep your eye out for in terms of trend reversal is a sideways action, which would indicate price distributing the up-momentum.
Until you see price start to top out and trade sideways, consider the trend "up." Once you see price distribute and start breaking support levels, then you want to focus on shorting to be in-line with the trend.
Again for now, I'm biased to longs.
At each of these points of interest, you'll likely see price face resistance.
What you want to keep your eye out for in terms of trend reversal is a sideways action, which would indicate price distributing the up-momentum.
Until you see price start to top out and trade sideways, consider the trend "up." Once you see price distribute and start breaking support levels, then you want to focus on shorting to be in-line with the trend.
Again for now, I'm biased to longs.