RUT (Small Caps) still in decision zone

US Small Cap 2000 IndexTVC

Description

⋅ Jul 10, 2020 4:38 PM

Not sure if everyone else noticed but RUT and DJI went right back into the previous pennant zone.

Market being indecisive, assume earnings will decide direction....

Comments

dane4

⋅ Jul 10, 2020 9:26 PM

Just to add to the drama, closed at the .618 of the 2020 high and low.

hungry_hippo

⋅ Jul 11, 2020 2:25 AM

@dane4, best to be all cash over the weekend. We'll see how Monday plays out.

I'm guessing bank earnings will determine market direction for the rest of the month.

SolomonLalani

⋅ Jul 10, 2020 6:33 PM

This looks bullish. The histogram also shifting towards bullish

hungry_hippo

⋅ Jul 10, 2020 6:40 PM

@SolomonLalani, yes indeed. I think we get 2 more weeks of pumptardedness