The Russell 2000 tends to make faster and more drastic move compared to the larger US equity index such as S&P 500 and Dow. Based on the technical analysis, the market expects to retest the low and potentially retrace to the 0.618 fibonacci level in coming weeks.
The risk and reward ratio is showing good trade opportunity. It will be interesting to see how the market move next week.
Happy Trading.
GWK
The risk and reward ratio is showing good trade opportunity. It will be interesting to see how the market move next week.
Happy Trading.
GWK