Russell 2000 Index, Weekly Daily Chart Analysis For April 27, 20
Technical Analysis and Outlook
The small-cap Russell 2000 index gained 2.2% for the week. The index hit our uptrend movement projection to Inner Index Rally $1,365 and Key Res $1,350, respectively, on April 29th. The short term downside support is tapped at Mean Sup $1,250 and prone to go down to Mean Sup $1,185 before thrusting the retest of the Key Res $1,360.
The small-cap Russell 2000 index gained 2.2% for the week. The index hit our uptrend movement projection to Inner Index Rally $1,365 and Key Res $1,350, respectively, on April 29th. The short term downside support is tapped at Mean Sup $1,250 and prone to go down to Mean Sup $1,185 before thrusting the retest of the Key Res $1,360.