Refer to my earlier chart here
The Russell 2000 is giving us clear clues to how the market is likely going to behave in the coming months. It has not been successful breaking out of the resistance at 233.80 since March 2021.
It made attempts in Jun and July 2021 but both failed miserably! The straw that is going to break the camel's back will be the support at 207.17. In the coming weeks, watch this chart closely. If it falls below this level, then it is likely to head towards 199 level to close the first gap.
Worst case scenario, it will head further south to 165 level.
Please do your own due diligence.
The Russell 2000 is giving us clear clues to how the market is likely going to behave in the coming months. It has not been successful breaking out of the resistance at 233.80 since March 2021.
It made attempts in Jun and July 2021 but both failed miserably! The straw that is going to break the camel's back will be the support at 207.17. In the coming weeks, watch this chart closely. If it falls below this level, then it is likely to head towards 199 level to close the first gap.
Worst case scenario, it will head further south to 165 level.
Please do your own due diligence.
Note
Congrats to those who followed. 2 of the gaps have been filled. Time to take some partial profits,adjust your trailing SL and let the remaining units run.....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.