Looking at a possible $30 dollar + move in the Russel 2000.
Tech Analysis: Charting an inverse head and shoulders pattern on the Russell 2000 plus MA cross over of the 50 day and 200 day Moving Average.
Fundamentals: China trade deal looks good/ added 196000 jobs this month/ Mueller Probe appears to be good so far for the USA.
Things to watch for: strong resistance at $159.00 dating back to Jan 2018...price is sitting almost directly on the 0.618 retracement level
if we get a breakout past $159.00 should be good for a long position.
Tech Analysis: Charting an inverse head and shoulders pattern on the Russell 2000 plus MA cross over of the 50 day and 200 day Moving Average.
Fundamentals: China trade deal looks good/ added 196000 jobs this month/ Mueller Probe appears to be good so far for the USA.
Things to watch for: strong resistance at $159.00 dating back to Jan 2018...price is sitting almost directly on the 0.618 retracement level
if we get a breakout past $159.00 should be good for a long position.