From a “BIG PICTURE” perspective key long-term support remains in place!
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On a short-term basis, the 500 appears to be dealing with some overhead resistance at (2), yet from a very long-term basis, support line (1) dating all the way back to 1987 remains in play!
Game Plan…We are attempting to find a few selective places to score on defense, attempting to find relative weakness in the Russell, yet if you are a long-term investor/making decisions for your 401k, long-term support is still in control at this time and high yield funds continue to reflect continued positive price action!
