It seems that the U.S. stock market is gathering momentum tonight, ready to make a charge.
The S&P and the Dow have been setting new highs, and the Nasdaq is also on the verge of a breakthrough. Similarly, the Russell 2000, which leads the smaller stocks, is also approaching a crucial level. Most importantly, for these smaller stocks, one of my key indicators is showing signs of building up for an imminent release.
From yesterday to this morning, the movements of the speculative funds' commander-in-chief have already shown signs, and the big market itself has reached the first threshold, seeing if it can surpass the high point of 927. If it goes smoothly, it will then target the upper boundary that has been suppressing it for half a year, currently around 68,000. If it continues to break through, then the general offensive will officially begin.
There are also important smaller stocks that I haven't mentioned yet, which are not so strong at the moment, but if the Russell, the leader of the smaller stocks, takes the lead, then all sorts of smaller stocks will have to follow suit and charge.
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