The Russell 2000 Index (RUT) Sends Out Bearish Signal, Crash...
The Russell 2000 Index, which tends to move before the S&P 500 Index (SPX) has broken below support with strength.
On the chart above we can see that the RUT broke through EMA50 and EMA100 like hot butter. This can lead to a retrace as far down as 0.618 Fib. just to start, it can go lower.
The MACD is entering the bearish zone with plenty of room left for more down.
The RSI is also looking extremely bearish.
If this index is an indication of how the conventional markets will move then prepare for some strong bearish action in the weeks ahead.
This quick analysis is shared as a follow up to my SPX analysis here:
This is just a friendly reminder.
Thanks a lot for reading and your continued support.
Remember to hit like.
Namaste.
On the chart above we can see that the RUT broke through EMA50 and EMA100 like hot butter. This can lead to a retrace as far down as 0.618 Fib. just to start, it can go lower.
The MACD is entering the bearish zone with plenty of room left for more down.
The RSI is also looking extremely bearish.
If this index is an indication of how the conventional markets will move then prepare for some strong bearish action in the weeks ahead.
This quick analysis is shared as a follow up to my SPX analysis here:
This is just a friendly reminder.
Thanks a lot for reading and your continued support.
Remember to hit like.
Namaste.
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🏆 Results: t.me/alansantana1111/5935
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