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The market is trending higher for the most part, except for the Russell 2000 which continues to be the dog.
The market doesn’t care about labels, it only cares about price action and the pattern of higher highs and higher lows.
The declining 200 day moving average and year-to-date anchored volume weighted average price are important areas of resistance in the IWM.
The semiconductors continue to lead the market higher with a rising 5-day moving average.
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