Bull trap or will it hold.
RTY just completed 3 measured moves up, bringing price over first important resistance, but will it hols? This is all happening AH and PM, so I would not rule out just another bull trap.
Looking at a longer term chart almost all previous correction consisted of 3 waves down. This one we are experiencing just now had only 2 legs, so I'm still looking for a 3rd one below recent lows.
In case of a dip, I would be looking for support around 2126.
Looking at a longer term chart almost all previous correction consisted of 3 waves down. This one we are experiencing just now had only 2 legs, so I'm still looking for a 3rd one below recent lows.
In case of a dip, I would be looking for support around 2126.
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