Yesterday while market participants were reveling in an orgy at the bullpen i cast doubt on intermediate term market direction by posting http://signalinea.com/end-of-q1-window-dressing-just-in-time-for-big-resistance/
I was adding shorts not on the blue chips, but the high multiple sector. Here’s why..
Here’s the Russell2000 weekly. If this old support does indeed become resistance it’s a long way down. And once again USD weakness may mitigate the fall a bit but either way, it’s not pretty.
The best charting teacher I know: