Of the 4 US major indices, which one is the weakest ? The Russell 2000 which comprises the small medium enterprises ,the traditional businesses.
They are the ones that are fighting for survival, not the top guns like FB, Apple or Microsoft which have rich cash reserves to tide them over.
See explanation in chart
They are the ones that are fighting for survival, not the top guns like FB, Apple or Microsoft which have rich cash reserves to tide them over.
See explanation in chart
Note
it breaks down fast but it also recover fast....this creates confusion for both buyers and sellers.....i reckon patterns like this will be displayed in many assets classes so be cautious in your trades.Note
be cautious, selling may ceased as price action retreating back to bullish trend line.Note
Bears were once again badly hit last night. No more selling, cease fire !!!
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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.