jaycoba

RTY at HTF Supply - Could lead to drop in Equities

Short
CME_MINI:RTY1!   E-Mini Russell 2000 Index Futures
RTY is the only Equity market that currently has supply zones. Its just reached a HTF Supply on the Daily chart. This means we could start to see pull backs in ALL Equity markets, as the Russell tends to lead the pack. This also correlates with the VIX being at demand which is an inverse market. See my VIX analysis on my profile. I'll be watching NQ and ES very closely for the next few days to capitalize on a pull back to demand.

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