RUSSELL 2000 INDEX - $RUT
Monthly chart remains bearish as index is well below all key moving averages. All three downside targets have been hit. Look for longer consolidation/trading range before the next leg down.
Weekly chart short term support in place for now. No strong buy signal/pattern in place at this time.
Daily chart shows short term support in place. Possible 5 waves down into current support. IF we have 5 waves down, THEN look for larger consolidation/trading range.
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