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Russell 2000 Technical Analysis

On the daily chart below, we can see that the Russell 2000 is still stuck in a range between the 1723 support and the 50% Fibonacci resistance since the collapse of the Silicon Valley Bank. The Russell 2000 index is more sensitive to regional bank stocks and that’s why it underperformed the other major stock indices. On the monetary policy front, the Fed is leaning to a pause in June, although it keeps a door open for another hike in case the economic data remains strong. On the fiscal side, the... Read More

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Content Topics

Russell

2000

Technical

Analysis

Forex

Posted: May 22 2023, 09:06

Author Name: forexlive

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