There wasn't much volume to Friday's trading, but there was enough to determine that buyers have stepped in at the trendline support in theThe Nasdaq recovered some of Friday's losses but remains a long way from challenging the 'bull trap' and is below breakout support. The index continues to underperform theThe S&P 500 similarly remains below trendline support when Friday's gain failed to recover this support.
Today's lead will be the Russell 2000 continuing its move-off support. But, if this fails after the first half-hour of trading, then look to the Nasdaq and S&P 500 for a short opportunity, particularly if these indexes make it to trendline resistance .Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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