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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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NOTABLE POSTS WITH IMPORTANT UPDATES...

Wednesday, February 13, 2013

Update on the Russell 2000 e-Mini Futures Index (TF)

I last wrote about the Russell 2000 e-Mini Futures Index (TF) on January 2nd.

Since then, it has been slowly grinding higher and has made a small gain of 48.50 points, as shown on the 60 min (market hours only) chart below...very often retracting (repeatedly) small moves up (shaking out long and short positions), as it inches its way to a potential target of 970.00 by the end of this month.

Unless the pace and size of any further upside moves picks up from here, I can see that it won't make this target by that date...it wouldn't be hit until the latter part of March, if it continued to cling to the mid-channel level.

We'll see if serious buyers enter any time soon to move this index at a quicker pace than it has seen of late, in anticipation of some kind of resolution of the "Fiscal Cliff" issue by March.