RTY finally got a push above the 50 DMA and you saw the results. Probably good to test the upper range with Buyers solid in control. ES and NQ both rallied to regain their 2nd STDEV on the Daily and riding the bands which is a show of strength. All of the probably thanks to our Fed that can do no wrong. Taper but no need for rate hikes lol…. anyway. 92 is my LIS for Buyers with some solid levels to take longs from above that. Probably looking at 4531.50 Sooner than later.
However, as much as Buyers are in control atm, there is a very good chance of major bad news coming out of Afghanistan this weekend. Question is will markets care. Doubtful but you have to have it in the back of your mind.
