Don’t let the closing price fool you – today was an ugly day.
The indices gapped up and for the most part held their gains but the recent chop has a made mess out the charts of a lot of individual stocks.
The trend is still up but some technical damage has been done.
Time heals all wounds so the markets need to put in a good showing over the next day to begin to repair the technical damage and entice buyers back in.
IWM ends the day inside day and inside 4H.
Let’s see which way they break em tomorrow.