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Below is a chart of the Russell 2000 cash index. I’ve tinted the area which has represented the vast majority of trading over a full two years. You will note that the Fibonacci Retracements are anchored to the lifetime high, at the top, and the Covid crash low, at the bottom.
I have never been inside any “dollar store” of any kind (Dollar General, Dollar Tree, Family Dollar) but I’m intrigued by the sector. Below is a beautiful right triangle topping pattern on Dollar Tree (DLTR), which compelled me to buy May 17th $130 puts on the sucker.
Pretty much the last bastion of bearish success continues to be in the world of energy. These still look terrific for the weeks and even months to come:
