Mid-week market update: One of the bullish tripwires I outlined on the weekend has triggered (see Buy the Cannons: Exploring the Bull Case). The small cap Russell 2000 ETF staged an upside breakout through the neckline of an inverse head and shoulders pattern, with a measured upside objective of ~250, which represents a potential upside of roughly 18%.
The breakout was accompanied by a frothy revival of the market's animal spirits.
The full post can be found here.
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