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US 2000 Index
Short

US2000 Horizontal Range Play

By KH2_Artizan
Price has been trading inside of a horizontal range for some time now. On the previous run up to resistance there was a range breakout that quickly fell back inside the range, more than likely trapping those who bought the breakout. The 2000 price level is now potentially serving as an important barrier just under range resistance. If this area continues to hold, then I expect an eventual move towards and possibly down to 1640, which is range support.
Candlestick AnalysisRectangleSupport and Resistance
KH2_Artizan
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