Small Caps down from here
Updated
It looks like we broke the uptrend and broke the wedge pattern today. Key support seems to be around 136.30 with a new low at 133.25. Breaking below though those levels would confirm a new downtrend. Considering the unemployment and COVID still not under control, it would make sense to have another pullback.
Trade closed: stop reached
Should have closed this earlier. The move above 146 invalidated the pattern.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.