Short-term forecast for Russel2000, relevant mainly for small caps companies. The index, starting in September 2020, bounced off the support level of 2100 several times, and on December 20 of this year found itself in the superpoint zone, from where it went up strongly yesterday. Growth is expected to target up to 2500, up to the support level of the sloping resistance. Having reached this target, the index will behave like the S&P500, as indicated in the previous forecast - it will begin a correction.
In terms of growth, we fit into Santa Rally - that is, the beginning of January, which is in good agreement with the previous forecast for the S&P500. You can short-term reject patterns in long at small caps, or unload positions that you do not like, since the bulk of the companies that make up this index are unprofitable.
I do not recommend accumulating short positions on this movement, they will probably try to endure it.
In terms of growth, we fit into Santa Rally - that is, the beginning of January, which is in good agreement with the previous forecast for the S&P500. You can short-term reject patterns in long at small caps, or unload positions that you do not like, since the bulk of the companies that make up this index are unprofitable.
I do not recommend accumulating short positions on this movement, they will probably try to endure it.
Transaction en cours
Waiting for a flat moveOrdre annulé
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.