RUSSELL 2000 INDEX - $RUT
Monthly chart remains bearish with the index well below all key moving averages and the down trendline in place. All three downside targets have been hit with this swift move down. No buy signal/pattern evident on this timeframe.
Weekly chart remains bearish with the index well below all key moving averages. No buy signal/pattern evident on this timeframe.
Daily chart shows a harami candle pattern formed with Friday's trading session. We need follow through next week to confirm that the down trend has stopped. Index remains well below all key moving averages and no buy signal/pattern evident as of yet.
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