The Russell 2000 has broken the uptrend in place since March of 2020.
If it breaks below 2034 on a closing basis, the Russel will have broken out of the trading range in place since January 2021.
The expected low points to buy for a turn around is at 2042, 1834, 1666, 1498.
My gut says we will get a bounce around 2042-2034, and come close to new highs before failing down to 1834. But quite a bit depends on Republicans allowing free money to flow to the people with the debt ceiling deadline of July 2021 and various spending bills proposed by the Democrats.
No comments:
Post a Comment