Descending Triangle has formed on Weekly for the Russell 2000 Index.
The moving averages are all touching and seem to be at deciding point 200 = 21 =7 MA
We need to wait for the official breakdown which will take the price to a target of 828.
There are major warning signals for a Recession in 2024 with the inflationary pressures in the US, UK and Russia.
We...
Type : Bearish Drop
Resistance : 1846.4
Pivot: 1794.6
Support : 1681.1
Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 1794.6 where the pullback support and 61.8% fibonacci retracement are. Once there is downside confirmation of price...
Russell 2000 Outperformed SP500 but now can't hold it's growth are this rally exhaust it's a difficult question.
If we look into all Bonds Yields and we can figure out these all are dropping and it should not be happen in growth or inflation time,
S&P 5000 Pushing higher but if look inside story Mid and Small caps stocks dropping it means only few giants pushing...
