The Russell 2000 Index (RUT) is moving up strong off the July low. Price started up the 8:1 Gann angle and have moved to the 4:1 angle. Price is now at the 50% price retrace which is a natural place for a pause.
The volume action of the SP600 Index (SML) has been positive. The last two days have been constructive lower volume consolidations days.
Charts courtesy of Stockcharts.com
Tags: Gann Angle Fan · Price Retrace · Russell 2000 Smallcaps · Square of Range · Volume1 Comment
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on Monday QQQQ and IWM reached monthly ATR - before 3-d Friday. Waiting for SPY.