I wanted to talk a bit about the small caps.
No, no, not those. The Russell!
Wait, what? Hardly anyone is going to get that reference! What’s WRONG with you people? The Russell 2000 Small Caps. Sheesh.
OK, that’s better.
A few things to point out:
- The price gap, which I’ve circled; this is an important level short-term;
- The clear downtrend over the past few weeks;
- The failed bullish breakout (green tint)
If your great grandchildren’s future tax burden wasn’t funding the Fed support right now, this market would be crashing. As it is now, the fierce battle rages on between truth versus lies.
