I was just taking a look at the indices tonight, and it really doesn't look that good. We have essentially consolidated in a range up to the 50-day sma's on each index. The $RUT couldn't even make it that far. A down leg from here is certainly possible. Today's action was not great either, and with a FOMC meeting tomorrow the volatility will be up there.
Still only day trading when schedule allows. It allows tomorrow :)))
Happy Trading
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