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Russell 2000 Technical Analysis

On the daily chart below for the Russell 2000, we can see that after falling again into the 1723 support, the price bounced and pulled back to the red long period moving average where we found sellers. This rangebound price action has been going on for 2 months now as the market remains uncertain on what’s next amid goldilocks, recessionary and inflationary signals. The economic data lately has been confusing as on one hand it points to a strong labour market as we could see from the hot NFP rep... Read More

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Content Topics

Russell

2000

Technical

Analysis

Forex

Posted: May 12 2023, 08:25

Author Name: forexlive

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