Originally blogged November 10th...
The RUSSELL 2000 did breakout into the rectangle as suggested. We will have to see if it is indeed a false breakout prior to a decline as described in the above Nov 10th chart. However the QQQQ target area is close but has not yet been met. Therefore additional upside remains in the Russell.
The flipside would be a continuation breakout which could produce a strong upwards move...
Either way confirmation is needed....
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