Russell 2000 – Weekly Analysis
Russell just flashed one of its most concerning technical setups in months. After making a new all-time high, RUT reversed sharply, closed the week in a very bearish manner, and may be only one session away from escalating downside momentum to the 9-day frame. In this weekly Russell 2000 analysis, we examine the latest candle signals, Elliott Wave structure, and long-term risk scenarios to determine whether this is only a short-term pullback, or the beginning of a much larger correction that could become surprisingly aggressive. CANDLES Russell closed the week in a very bearish manner and has solid chances to immediately escalate bearish momentum up to the 9-day frame on Monday if it closes at the current level or lower, forming a Bearish Engulfing. Overall, RUT is bearish short- and mid-term, with a strong probability of extending the momentum further. ELLIOTT WAVES Road Map RUT made an ATH on Thursday…
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