ParCorn

Interested in Russell

Long
ParCorn Updated   
TVC:RUT   US Small Cap 2000 Index
Unlike the q's and spx, Russell isn't near ATH. If Russell is healthy and wants to ride the clouds, then an agressive opportunity is now

A safer opportunity is waiting for the conversion line to cross UP the base line for the buy. which could happen tomorrow as they are very close. that is the alarm i set.
Comment:
Bad day for the russell - down almost 1% while the other major indices printed close to 0%. Russell entered the cloud today, which signals that we should keep our hands off and wait for it to exit the cloud.
If you are already holding long, I would suggest holding it still unless the bottom of the cloud is breached - the 1392 level. After that the next supports would be about 1383 and 1375.
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