Russell 2000 - The bigger picture...
On a daily chart, the Russell is looking great, however, on the weekly chart shown above. The Russell is reaching a resistance on what we can see is a downtrend of lowers highs, and lower lows.
Take profits and protect your gains. This is a very bearish flag.
Take profits and protect your gains. This is a very bearish flag.
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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.
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.