Expecting RUT to find support around 1225
I believe there will some additional selling before we can see the Rusell find some support around 1220 - 1230 which matches with a 38% retracement from the highs we saw just a couple of months ago, additionally that area matches with the uptrend that started at the end of the financial crisis in Feb 2009.
If that long term trend breaks I think we could see it go down all the way to the 2016 lows before it starts moving up again. We might be seeing a bunch of sideways and down movement as we head towards 2019.
Happy Holidays :D
If that long term trend breaks I think we could see it go down all the way to the 2016 lows before it starts moving up again. We might be seeing a bunch of sideways and down movement as we head towards 2019.
Happy Holidays :D
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