Mini Russell 2000: Forecast November 20, 2014
Jason Sen | Nov 20, 2014 05:52AM ET
Mini Russell key to direction is the 1156/1154 level today. Below risks a retest of yesterday's low at 1148. If we continue lower look for good support at 1145/44 for a buying opportunity with stops below 1139. Next target & buying opportunity at 1134/32 & a good chance of a low for the day. Longs need stops below 1129.
Above 1161 is more positive & targets immediate resistance at 1168/1169. Try shorts with stops above 1176. If we continue higher today however look for a test of the next resistance at 1186/1187. Exit longs & try shorts from here up to last week's high at 1190.50. It is unlikely we can beat this level today but we need stops above 1193 for a move towards 1203/06 then a retest of all time highs at 1212/13.
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