Wednesday, June 18, 2014

Russell 2000 Bears Busted

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The Russell 2000 looks to finally bust the idea of a bearish head & shoulders chart pattern.

It appears that tepid economic growth in the United States, almost no economic growth in the Euro area, and increasing unrest in the Middle East are no match for the negative interest rate policy of the ECB and quantitative easing by the Federal Reserve.

Janet Yellen and Mario Draghi remind us, "Don't Fight the Fed!"