Russel's Bull Flag 8/15/2020
RTY at the daily. The title speaks for itself.
The Russel is bull flagging at this point. Although, another pullback is projected around August 17-19. In the bigger picture, that pullback is merely a consolidation for the RTY. Liquidity is still very high.
What would be the unexpected move? A pullback to lure the bears. A bounce and break a new high to lure the bulls. Then finally a correction.
Institutions' distribution of the NQ should be ending near the end of the summer... which is soon. The Russel made some awesome gains of over 200 points in the last month. However, the phase of uncertainty among all major indices should begin soon.
The Russel is bull flagging at this point. Although, another pullback is projected around August 17-19. In the bigger picture, that pullback is merely a consolidation for the RTY. Liquidity is still very high.
What would be the unexpected move? A pullback to lure the bears. A bounce and break a new high to lure the bulls. Then finally a correction.
Institutions' distribution of the NQ should be ending near the end of the summer... which is soon. The Russel made some awesome gains of over 200 points in the last month. However, the phase of uncertainty among all major indices should begin soon.
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