Russell 2000 Acting as a Lead Index
January 13, 2017
During early afternoon trading it was looking like the Russell 2000 was going to break support and leave a ‘bull trap’.
While the ‘bull trap’ remains in play the loss of support hasn’t been confirmed which would show a reversal. However, this is acting as a lead index and will determine what may come for the Nasdaq (NYSEARCA:QQQ) and S&P(NYSEARCA:SPY).