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Russell 2000 Technical Analysis - Dead cat bounce or the start of a rally?
The selloff that started at the beginning of August is starting to show signs of weakness. Although nothing changed fundamentally, the Russell 2000 started to rise as the market was just probably overstretched. This looks more like a pullback as the miss in yesterday’s US PMIs doesn’t support the bullish case. Russell 2000 Technical Analysis – Daily TimeframeOn the daily chart, we can see that the Russell 2000 has bounced around the key 1820 support zone and pulled back into the blue 8 moving a...
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Posted: Aug 24 2023, 06:10
Author Name: forexlive
Views: 111723