The Russell 2000 is testing a down trend line(blue line) where sellers may show up again, after a 33% move off the March 6th lows. It looks like the Russell is making a inverted head and shoulders pattern, that may take several more months, before a right shoulder is made.
Friday, April 10, 2009
Russell 2000
The Russell 2000 is testing a down trend line(blue line) where sellers may show up again, after a 33% move off the March 6th lows. It looks like the Russell is making a inverted head and shoulders pattern, that may take several more months, before a right shoulder is made.
