Russel 2000 moving towards 1600 level!?

2022년 3월 9일

Macro analysis:
Russel 2000 is losing the little support it has left here. Below is a lof of inefficiency, and the next serious support is around the 1600 level. Doesnt look good for small caps

2022년 4월 26일

노트

An obvious weekly close below the last lows creates a lower low which indicates continuation of the donwtrend

2022년 8월 16일

노트

Analyze played out perfectly

2022년 8월 16일

노트

For now, these are key area's. The resistance Russel is moving towards to challenge the last weekly high, which is at the same level as the range low of the long consolidation of the last year

At the bottom of the last low a solid consolidation is formed, which could act as support if this plays out. It's still a bear market though, so if Russel doesn't keep that zone it will find it's way to the next new low