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Russell 2000 Technical Analysis

On the daily chart below for the Russell 2000, we can see that the price has bounce from the key 1731 support level as the US GDP showed a better than expected economic picture under the hood and Jobless Claims beat expectations after several weeks of misses. This latest rally though has found some headwinds yesterday as the ISM Manufacturing PMI came out better than expected and the inflation and employment sub-indexes returned back into expansion. As long as inflation keeps falling and the lab... Read More

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Content Topics

Russell

2000

Technical

Analysis

Forex

Posted: May 2 2023, 08:20

Author Name: forexlive

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