Looking at the RUT chart, I can see that a strong drop will be coming, this can be around 25-35%, but it can vary depending on how the markets develop.
The last crash happened back in 2008 for a huge 60% drop. We can expect something similar to happen now as support is found on EMA200 (orange line).
The bearish divergence is clear once again, if you take a look ...
If you need any additional
CONFIRMING BEAR MARKET EVIDENCE
in stocks/economy in the US
then look no further than the economically sensitive
Russell 2000 Index RUT,
The Russell 2000,LEAD the final push of the bull market
to all time highs from November 2016- August 2018
Yet..noticeably it was also the first major index to top ,in Aug.2018,
and begin the ...
Here is the ratio of the 2000 small caps vs the 1000 large. Looking at the chart we can also see a double top, tipping us off back in June that the trend may be shifting. We then saw a signaling of weakness in October with a later confirmation earlier this month. The second support was broken along with a trandline in the Pring speacial K. With the measure from ...
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based ...