When looking at Weekly chart of RUT index we can see a picture perfect Wyckoff setup, Have highlighted the probable target are based on price action, This is being support but the Macro fundamentals in regards to US economy
Buyers have come into to market after Friday night CPI report and broke the short term trend. Price is conducting a pullback to previous demand level, expect some form of equalization then buyers to com back in and for price to go to next supply level as high lighted
Price is currently in a downtrend and has conducted a pullback to supply level and when applying Fibonacci Extension it hits the next level of demand. This is quite interesting considering NFP has just been released which was less than expected which should have made the DXY weaker and equity indexes rise. But the market has not move in this direction, highly...
DXY hitting strong level of supply is breaks suspect a retest then continue higher to comply with double bottom targets.
Due to news of US having only two weeks until runs out of money.
Due to the amount of Stimulus that has been given out has caused inflation to rise which in turn makes CPI increase.
This has made the US02Y & US10Y bond yields to rise which has...