This week the market gave us some clarity on the direction it is intend to move in the near term, and that direction is up.
The Nasdaq 100 and the Russell 2000 have reversed from their recent pull back low. The Nasdaq 100 has been putting in multi-year high along with the all time high from DJIA, DJT and SP500. Although the Russell 2000 still lagging and still some distance from its all time high, but it has been forming higher high and higher low. The recent momentum indicates the Russell 2000 could be moving toward an attempt to put in a new all time high.
In this video, a look at some possible levels for the market indices and their respective ETF.
Click here to view the video if you do not see a video player on your screen.
