Russel 2000 bounce from 200 Day SMAToday we revisit a trade from what we suggested on 19th of Jan 2025. At that time Russel 2000 was hovering 200 Day SMA. Now from the 200 Day Support the index is bouncing back as predicted. Now the 20 Day SMA is trying to regain leadership and should be above 50 Day SMA soon. In my opinion this Small Caps rally might have legs for a few more weeks.
200day
BTC Head and Shoulders on 200 day Moving AverageMy hypothesis has so far played out flawlessly. Have continued to make money shorting. Meanwhile, the thick orange line has proved strong resistance to bounce off. The new additions of White Shoulders indicates a Head and Shoulders playing out right on top of the 200 day Moving Average. Should we break the 200 day again it's a quick 10k move down.