Looking for Russel 2000 to rally into 1540+ zone before any interest in shorts.
Midpoint highlighted at the 1501 level. 50% fib goes here.
Same setup here on the Dow... targeting 25560+
Two nice bounces off the 23% fib in the pre-market and shortly after market open today (green arrows)
Late Friday we saw stocks explode higher into the close and just reach my short zone. I did not enter b/c of the G-20 over the weekend and sure enough it seems Trump and Xi's little trade war dinner has completely blown this setup out of the water... we may be dealing with a wave inversion here but will have to monitor going forward. Let's see if this massive gap gets filled early this week.