Wednesday, September 10, 2014

Gonna Take It Right Into The Danger Zone

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The Russell 2000 continues to consolidate in an orderly fashion as this index holds above support at its 10-week moving average.  Shorter term daily indicators have turned slightly negative, but longer term weekly indicators remain positive.  If the uptrend is to remain intact, I would suspect the daily indicators return to a positive bias within a day or two.