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Russell 2000 Technical Analysis

On the daily chart below, we can see that after bouncing from the 1723 support, the market started to rally again towards the resistance at the 50% Fibonacci retracement level. The market has been stuck in this range since the Silicon Valley Bank collapse in mid/March. There’s clearly uncertainty in the market around the economy and the interest rates path. The recent economic data has been better than expected and Fed officials acknowledged that if they don’t see weakness in the data, they will... Read More

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Content Topics

Russell

2000

Technical

Analysis

Forex

Posted: May 19 2023, 07:57

Author Name: forexlive

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