Monday, April 20, 2015

No Man's Land

After the big drop last Friday, major indices fought back today and regained most of lost ground. We're going sideways for two months now, with most major indices making lower highs and higher lows. Interesting to see how this will resolve, many are waiting for this wedge to break to either side.

In the mean time, small caps (Russell 2000) are making higher highs and higher lows, diverging from the other indices. This could be a bullish tell, but then Mr Market needs to confirm soon.

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