Equities markets moving risk-on. Russel Breaking out?
Major US indicies finally got their convincing breakout after the dump of Christmas 2018.
However the Russel has lagged the whole way and has failed breakouts several times (signalling big market pullbacks).
Now however the breakout looks more convincing and may have a higher chance of confirming as the bigger indicies continue to push all time highs.
Markets going risk-on like this should lead to a counterwave up in the downward trend of Russel/Dow Jones
However the Russel has lagged the whole way and has failed breakouts several times (signalling big market pullbacks).
Now however the breakout looks more convincing and may have a higher chance of confirming as the bigger indicies continue to push all time highs.
Markets going risk-on like this should lead to a counterwave up in the downward trend of Russel/Dow Jones
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.