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Russell 2000 Technical Analysis - The break of the support is a big bearish sign

Despite good economic data like lower core inflation, stable jobless claims, lower inflation expectations and strong consumer spending that support the soft-landing narrative, the Russell 2000 just keeps on falling with very shallow pullbacks. One of the main reasons might be the non-stop rally in long term yields and real yields as it makes financial conditions tighter ultimately weighing on the stock market. The good economic data might also be interpreted as bad news because inflation might r... Read More

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Content Topics

Russell

2000

Technical

Analysis

Break

Support

Bearish

Sign

Forex

Posted: Aug 17 2023, 08:36

Author Name: forexlive

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