Last time we looked at Russell 2000 (RUT) on April 01 (see chart below), we called for a pull-back towards the Symmetrical Suport Zone, which as you see took place and the price immediately rebounded:
We are now at the top of the Channel Down, which so far is a mirror of the January - March 2022 Channel Up and technically is the Handle of the long-term Cup...
Russell 2000 (RUT) finally hit our 2140 Target, which we called for on our last pull-back and buy signal (December 28 2023, see chart below):
Even before that signal, we caught the ideal bottom buy for a full bullish swing:
At the moment the situation is different as the index is on full bullish technicals, having hit the 2140 Resistance which was formed...
Russell 2000 (RUT) gave us an excellent buy entry on our last call (see chart below), as we achieved the most optimal buy near Support 2 and rallied all the way to our 2000 Target:
The Resistance Zone broke and this delivered a new 20-month High on the index, the effect of which is more accurately seen on the 1W time-frame. The question is, how sustainable...
Russell 200 (RUT) has had a big safeguard on the current Bull Cycle following the Housing Crisis bottom in 2009. The symmetrical Zone that was formed on the previous All Time High (ATH) has always held once it transitioned into Support upon periods of corrections (with the natural exception of COVID) and provided the framework for the rebound initiation of the...
