Third Try on the R-T-Y

By -

Judging from the zeitgeist in the comments section, it seems most folks are ready for yet another leg of the bull market. Maybe. What I’m watching mostly close is the /RTY trying to cut its way through this “ceiling” on the Russell small cap futures for the third time:

To put this in context, this is the level that has repelled prices every since the 2020 uptrend failed back on August 21st.

If you want a sentiment indicator, feel free to use my utter lack of confidence in this trading environment. I have retreated to a corner with a mere 77% commitment level, and I’m having serious doubts as to whether I want to have anything at all in place through the election (a mere 29 days away!!!). The uncertainty ahead of us is mind-boggling.

Mark This Post as a Favorite