Today's (Firday 10/17) bullish price action in the markets is not the 'all-clear' for bulls but it's definitely a good start towards stabilization. Why? Markets are catching a bid in the face on yet more Ebola headlines (new person under suspicion on a cruise ship?).
The small caps have led up the past 3 days closing green when other markets struggled. BUT, now the small caps are at levels from which they really broke down. So revisiting them from on the way up will present a test.
RUT short term chart:
Here is a zoomed out look at the same data but over 12month daily chart:
So before I chase this pop I want to make sure that it doesn't turn out to be a fake out. Cautiously optimistic.