Having closed lower for a massive one day in a row, it seems that it’s time for the Russell 2000 to have its oh-so-predictable bounce. Below is an hourly chart. The key, this week, is whether it crosses last week’s high (which would put fire under the “window dressing in December rally”) or, infinitely more desirable, slips beneath the 1,123 level. That would suggest a failed bullish breakout, which would cheer me right up.
