From the weekly analysis on Aug 21st: “Possible short term pullback target – $1900-1930.”
RUT closed the week at $1899.83.
The main question after Friday’s action is whether the index goes lower or bounces and recovers.
In this weekly analysis, I will traditionally evaluate the candles that Russell2000 formed on multiple frames. We will discuss technical events on different frames and analyze the long- and short-term perspectives for RUT using Elliott Waves.
Previous Russell2000 Analysis:
All major posts relay to Telegram: https://t.me/InvestingAngles
This post is part of the @InvestingAngles Weekly Series that covers the US and global major indices; volatility and bonds, commodities and miners, crypto and currencies, and some large cap stocks.
Read more of this content when you subscribe today.
You follow @InvestingAngles – we offer the best forecasts!
SP500 + Global
Oil and Natural Gas
Silver, Gold, and GDX
and other…follow the link below.