U.S. Small Caps Break Out: Dash for Trash Gathers Steam

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U.S. Small Caps Break Out: Dash for Trash Gathers SteamUS Small Cap 2000 CFDFOREXCOM:US2000FOREXcomSitting in an obvious uptrend with momentum indicators skewing increasingly bullish, it looks like the U.S. small cap 2000 contract wants to go higher. The dash for trash is on! Having just cleared the July 10 high of 2278, it’s provided a decent setup to initiate fresh longs, allowing for a stop beneath that level for protection against a reversal. 2320 screens as an initial target given the contract consistently struggled to break above it earlier this year. Beyond that, 2375 and the record high of 2468 are the levels to watch. Good luck! DS