Written by Forrest Crist-Ruiz
Friday the Economic Modern Family which consists of 5 sectors and 1 major Index made a quick turnaround in the small-cap index (IWM) and the retail space (XRT). Both closed over their 50-Day major moving average and are now in unconfirmed bullish phases as seen in the above chart.
This shows that the Family is attempting to jump back into a mostly bullish phase.
However, the increased volatility could also be showing that the current market situation is choppy.
With that said, we need to be careful not to get whipsawed when trading.
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