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Russell 2000 Index

INDEX:IUX   Russell 2000 Index
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The small caps index is considered a US market ‘bellwether’ and does have a bit of a potential bearish H&S brewing but any new close and hold back above $1,220 would void this. The weekly candle closed as a bearish colored Doji and ‘Inside’ candle with both patterns reflecting indecision.
Comment: This small caps index is considered a US market ‘bellwether’ and does have a bit of a potential bearish H&S brewing but any new close and hold back above $1,220 would void this. The weekly candle closed as a bearish coloured Doji reflecting indecision but the monthly candle was bullish and, basically, engulfing.
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