So with markets threatening support they instead gap higher and post further gains. Today has probably done enough to see markets post new all-time highs while shorts are left with little to work with.
The Russell 2000 (NYSEARCA:IWM) was the index offering the best chance for bulls. Today was a good solid day’s action delivered below the radar; use GTC ‘buy’ orders to fish for fills down to 1,400 with stops on a loss of last week’s lows.
For bulls late to the game, keep an eye on the Nasdaq 100. The index is nicely primed for a breakout just below 6,000.
Tomorrow will be about holding on to as much of today’s gains as possible. For traders seeking new opportunities, a breakout in the Nasdaq 100 is probably the best play.