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.
@WW45, i added an update to hopefully address your question. the quick answer: no not a breakdown yet, but longs not advised. If already long, set stop at 1382ish.