While the Russell 2000 broke out of the 60 min to go long...at least for now, the Midcap looks like it might be decent for a short per the 60-minute. Here it is right at the downward channel top @ the 747 level. The stochastic is coming out of overbought territory and just crossed below the stoch. 80 level . I will hold a stop-loss about $1 above the recent highs of 749.1. The profit goal will be the retest level of the reverse Head & Shoulders pattern of 731ish.
Good Luck.
Andy
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