RTY Channel 7/18/2020
This is the RTY at the 4 hour.
Which will the RTY do first? Fill the gap below or breakout to reach 1500?
The NQ has entered into a distribution phase. Tech stocks are going down and the money is heading to the non-tech stocks like financials and transportation. That's the RTY's bread of butter.
RTY may be getting reach for another surge. The question is: will it fill the gap first or go for 1500?
Personally, I would be happy to buy RTY at the 1420's.
Which will the RTY do first? Fill the gap below or breakout to reach 1500?
The NQ has entered into a distribution phase. Tech stocks are going down and the money is heading to the non-tech stocks like financials and transportation. That's the RTY's bread of butter.
RTY may be getting reach for another surge. The question is: will it fill the gap first or go for 1500?
Personally, I would be happy to buy RTY at the 1420's.
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