1pm update - Run R2K Run

Whilst the broader market is holding minor gains, there is borderline significant strength in the R2K, which has broken into the 1130s. A move much above 1135/40, will clarify a near term floor... and that would most certainly be bullish for the wider market.


R2K, daily

Summary

Suffice to say... 2 spike floors..and we've broken into the 1130s.... that is probably it for this down cycle... some FIVE weeks in duration.

Upside on the R2K? Near term 1150/60s.

1170s remain a strong resistance zone...won't be easy to clear that.
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..saw this film last night....



yours...
   Divergent.. from London
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1.27pm.. Now the bulls just need 1925 to break down trend... 1130 would be decisive.

1.40pm.. baby bull flag on the 5/15min cycles...  headed higher into the close..and early tomorrow.