US Small Cap 2000 - Bears are in controlUS2000 - Intraday - We look to Sell at 1785 (stop at 1805)
Buying pressure from 1720 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1730 and 1630
Resistance: 1780 / 1830 / 1875
Support: 1725 / 1630 / 1530
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