Just a late-night note about that horizontal line I’ve been following on the Russell 2000, which represents the highest levels reached since February. It was pierced tonight, which is unprecedented.
It is evident from the behavior (for the very short term) that the import of this line was not lost on the rest of the world. The market raced toward it, blew past it quickly…………and then stalled. It’ll be interesting to see where we are at before the opening bell.