Possible Russell 2000/ Dow Jones divergence is in progress!!!
i expect the DOW to hit new all time highs,
maybe also S&P 500 and NASDAQ 100...not sure.
while i expect the russell 2000 not to make new highs.
so watch out for this scenario,
as the russell 2000 is very often the forerunner of the Dow
This ticker list is from a mentor that I listen to everyday. Hugely robust charting that he does which keeps me on the right side of the how the charts are working. I am doing my best to get his attention to bring his charts to TradingView. He trades a lot of volatility squeezes, Bollinger Band expansions with straight common sense text-book approach and I know...
With the Russell at secular broadening formation trend line resistance following an 8.5 month, 38% advance built at an 85 degree angle of ascent: is anything other than a cyclical blow off scenario possible if a breakout occurs here?
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