Uncharted-FX
Short

Russell 2000 to Lead US Equities Lower?

OANDA:US2000USD   US Russ 2000
We have what appears to be a reversal pattern here with the Russell 2000. You can call it a head and shoulders although not textbook. Again it shows a shift in trend from higher lows to now lower highs.

The neckline has been broken, and I am using the 1575.80 area as my lower high swing.

Lot of debate on what leads, the mid caps or large caps. In my experience, I have seen money flow into the mid caps first before the large caps. Again, this is just a trade to the zone I have depicted below. Like the set up and confluences we have here. Also, if more recession signs appear then the Russell will take a hit as well.

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