RTY - Up, Up and .... This four hour chart has the answer.
When this trend line breaks - which looked like it was today - but not just yet.
Suspect this will be violent. However timing this is tough ( I have been wrong on this one) - best watch for trend line break . They will prop this up as long as "big money'"chooses, that's clear.
The USD falling really is responsible for this rally - the DXY is at levels not seen since April 2018. When its decided to reverse the USD the rally is done. Watch for divergences in the Euro - this may tip us off.
IWM calls made up 24% of the option volume and puts made up 76% of the volume today. The Commitment of Traders show that commercials are very short and large speculators as well as retail are very long as of last Friday.
