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Russel 2000

17 Apr 2020 ‚óŹ 06:52 AM

The Russel 2000 index of small cap stocks has been falling for the last few days. It appears like a-b-c up is done, however we should also look for a break of the 20dma and the lower channel line at 1132 and 1120 respectively, to confirm that the next bearish wave down has actually started, else this maybe an x wave intervening a larger retracement higher. Then another a-b-c up will follow.

russel 170420

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