Technician
Short

Russel 2000: Looking Weak, Rolling Over!

INDEX:IUX   Russell 2000 Index
511 3 6
A potential for a head and shoulders top over the weekly chart here, a major one that suggest at least a retest of the main rising trend line as an initial target, a break below 1180 will confirm the bearish setup for me. The price is also pushing to the 52-week long term average for the first time since 2012, which follows an earlier breakout below the first tier rising trend line.

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Stanleymissi
2 years ago
Hmm, do you mean 1080?
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Greenstream
2 years ago
Do you have an update on this since support has held so far?
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Technician TOP Greenstream
2 years ago
hey there, sorry i am off the charts this week, ill be updating as soon as next week.
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