My forecast for RTY this week
Trend is up still until we lost that lower trend line. We are more than 50% back from the ATH and the sell off reversal area. Love that little doji that formed on Friday. We most likely break in the direction of the high or low with strength. My upper target on RTY is 1530.7 then 1560 area.
Lower areas of support 1498-1500, lower 1478-80, and 1465 (and 18 day sma).
I am expecting a more significant pull back in the next few weeks. However always let price discovery be your guide. Trade the trend until it fails.
Cheers! :-)
Lower areas of support 1498-1500, lower 1478-80, and 1465 (and 18 day sma).
I am expecting a more significant pull back in the next few weeks. However always let price discovery be your guide. Trade the trend until it fails.
Cheers! :-)
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