MainStInvesting

Russell 2000 Trying to Fill May Gap

BATS:SPY   SPDR S&P 500 ETF
163 0 2
All the major US Equity indexes have filled their Gaps from May 2nd... except for the Russell 2000. This is actually a short term positive as it makes the possibility of a quick rally as soon as it gets filled. I'm expecting it to be filled by early next week.

Gaps are somewhat like unfinished business, especially when referencing Equity Averages. Since all other indexes have filled these gaps, IWM             likely needs to play catch up. Typically IWM             leads on the way up as well as on the way down. By lagging on the recent selloff, it's an odd sign of potential strength.

I don't believe a rally is sustainable based on the intermediate term, but short term and lasting 2-4 days is certainly in the cards.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out