CommoditiesTrader
Short

Small Caps Lead Into a Recovery, Also Lead into a Recession

ICEUSA:RJ1!   Russell 2000 Mini
The Russell 2000 has seen strong moves to the downside, as market participants wonder whether or not there is a market top in place (regardless of what CNBC says),

Price action is in an important place, resting on an ascending trend line created in mid-June. A break (with a retest and rejection of new resistance/former support is best) would iniate a short position targeting 1,100 over the next couple months.

We are likely to see the more riskier equities decline as the Fed "finishes" the QE taper in October, which will likely mix sentiment among traders. The Fed's vague, nonsensical policies will play an important role.

If support holds, a retraction could be seen to a secondary descending trend (dotted).
Target hit way ahead of schedule, things could get interesting. New analysis posted this week
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