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Russell 2000 Technical Analysis

On the daily chart below for the Russell 2000, we can see that after rallying back to the 50% Fibonacci retracement level, the market found again a strong resistance and started to fall as issues with the First Republic Bank, the strong ISM PMIs, the miss in Job Openings and a Fed that left the door open for further hikes weighed on the sentiment. What saved the day was the NFP report on Friday which was much better than expected and gave the market soft landing vibes. Russell 2000 Technical Ana... Read More

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Content Topics

Russell

2000

Technical

Analysis

Forex

Posted: May 8 2023, 11:12

Author Name: forexlive

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