Russell 2000 US Equities' Upside Leading Indicator says GO 7-3
*I tried to draw trendlines on all the comparison symbols but TradingView just isn't having it. Sorry!*
Hello Friends, the Russell 2000 has begun a new uptrend after breaking its previous trend line and making a higher low and higher high. The rest of the US indices are in consolidation. If recent history is a guide, the Nasdaq, which may or may not be breaking out of the diamond formation it has constructed, should be the second mover. The S&P should follow and finally the Dow. Notice the Dow seems to be the leading decline indicator. Of the 4 I would personally rather trade the Russell or Nasdaq, after all, buy strength, sell weakness.
This 3rd is a holiday trading period. Furthermore, I do not know what affects the tariffs coming online Friday will have, but one would think this is priced in by now, although trade is obviously the story that has been roiling the markets. However, it appears to me things have gotten to the point where the market wants to climb and it is going to do so trade concerns regardless...probably as a result of the money flowing in every month? due to retirement investments and institutions. Anyway, prudence may decide waiting until after the fourth...but then once could say the same thing about the tariffs etc. When does it stop? The decisions we must make.
Hello Friends, the Russell 2000 has begun a new uptrend after breaking its previous trend line and making a higher low and higher high. The rest of the US indices are in consolidation. If recent history is a guide, the Nasdaq, which may or may not be breaking out of the diamond formation it has constructed, should be the second mover. The S&P should follow and finally the Dow. Notice the Dow seems to be the leading decline indicator. Of the 4 I would personally rather trade the Russell or Nasdaq, after all, buy strength, sell weakness.
This 3rd is a holiday trading period. Furthermore, I do not know what affects the tariffs coming online Friday will have, but one would think this is priced in by now, although trade is obviously the story that has been roiling the markets. However, it appears to me things have gotten to the point where the market wants to climb and it is going to do so trade concerns regardless...probably as a result of the money flowing in every month? due to retirement investments and institutions. Anyway, prudence may decide waiting until after the fourth...but then once could say the same thing about the tariffs etc. When does it stop? The decisions we must make.
