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Russell 2000 Technical Analysis

On the daily chart below, we can see that the market is still stuck in the range between the 1723 support and the 50% Fibonacci retracement level as resistance at 1820. We’ve been in this environment since the collapse of the Silicon Valley Bank, and amid the crisis in the regional banking sector, which the Russell 2000 is more exposed to, the index underperformed the other major indices. The recent economic data wasn’t that much supportive either as we keep getting conflicting signals that poin... Read More

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Content Topics

Russell

2000

Technical

Analysis

Forex

Posted: May 15 2023, 08:54

Author Name: forexlive

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