After a few months massive market moment the russell 2000 hit a wall and went into consolidation.
I think its setting up for a break out any time these next 2 weeks, which should push up towards all time highs.
From the technical perspective it seem volume is trending down, which is bullish if the market is consolidating.
Once we see it push out of this wedge we should see it push ATH.
I recommend only buying once it breaks out, and if there is plenty of volume relative to historical averages.
I think its setting up for a break out any time these next 2 weeks, which should push up towards all time highs.
From the technical perspective it seem volume is trending down, which is bullish if the market is consolidating.
Once we see it push out of this wedge we should see it push ATH.
I recommend only buying once it breaks out, and if there is plenty of volume relative to historical averages.
Nota
Rest of the week is really important for the Russell 2000. Tomorrow it has to open 1% or so , else it seems structure my break, which may lead to a long consolidation period then expected.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.