Investors,
The Russell 2000 just had its highest daily close ever… yesterday.
The small cap index, with a significant concentration to industrials & financials, is trending beautifully above all three of the key EMAs (daily 21, 55, and 200).
Typically — in fact, exclusively — this is exactly what happens during uptrends.
So how should we contrast this uptrend vs. Bitcoin’s price action?
Bitcoin’s structure is producing higher highs and higher lows.
The concurrent price action vs. the Russell 2000 is clearly different, with the Russell producing higher highs while Bitcoin attempts to produce yet another higher low.
However, they are both in clear uptrends!
I was taught that the best way to make money as an investor is to own assets that are in uptrends, which points to a clear conclusion that investors should remain net long and optimistic on both stocks & Bitcoin.
But let’s break it down even further…