Mini Russell unexpectedly beat 1113/15 but shorts from this level were not stopped above 1120. An unexpected break higher today however targets
Mini Russell 2000 December contract Daily Forecast - 24 October 2014Mini Russell unexpectedly beat 1113/15 but shorts from this level were not stopped above 1120. An unexpected break higher today however targets 1124/25 & possibly 1130/31. Exit longs & try shorts expecting a high for the bounce in the bear trend.
Sooner rather than later we expect the bear trend to resume. Downside pressure today targets 1110/09 then good support at 1101/00. Failure here however then targets 1095 & 1089/88. A good chance of a low for the day if we fall this far but be aware a break lower targets 1081/79.
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