RUT 2K Fell 17.50% After the Last U.S. Credit DowngradeIf you haven`t bought the RUT 2K regional Double Bottom here:
On Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing "a steady deterioration in standards of governance."
This downgrade occurred following last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which put the nation at risk of its first default.
Following a similar credit downgrade in the past, the RUT 2K Russell 2000 experienced a sharp decline of 17.50% within a three-month period. S&P, one of the three major credit rating firms, downgraded U.S. debt on Aug. 5, 2011, after another significant debt ceiling battle.
Presently, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022.
Even though is not likely, a 17.50% decline will lead to a Price Target of $1630 for RUT 2K.
Looking forward to read your opinion about it.
Russell 1000 Mini
RUT 2K Price Prediction for 2024If you haven`t bought the Double Bottom on RUT 2K:
Then you probably know that small caps haven`t participated in the 2023 market rally.
That`s why I believe investors will will for opportunities in the small cap stocks in 2024, and Russell 2000 index might offer a bigger return than the S&P this year.
My price prediction for RUT 2K is $2560 by the end of the year.
Russel2K Long Consumers Expect Further Declines In InflationConsumers Expect Further Declines In Inflation
Finally! Russel is the dirigent in an Stock rally or Crash Orchestra, as it moves faster and is sensitive. Not this time. Whil S+P500,Nasdaq100 and Dow choosed the bullish trend, for longer time than expected,now Russel starts to ralley.
Technically has Russel found a triple strong bullish support, and RSI trend continuation confirmation:SEE THE CHART ABOVE!
The DXY is bearish and that is good for Russel.
Strategy: trend bullish.
Resistance supports (See the chart above)
Russell 2000 Index Descending Triangle to cause a major breakdowDescending Triangle has formed on Weekly for the Russell 2000 Index.
The moving averages are all touching and seem to be at deciding point 200 = 21 =7 MA
We need to wait for the official breakdown which will take the price to a target of 828.
There are major warning signals for a Recession in 2024 with the inflationary pressures in the US, UK and Russia.
We haven't seen these levels in decades and with interest rates on the constant rise, this will attract investors to fixed income assets and deposits int he bank.
However, the Recession is one aspect. The markets are actually setting up for a meltdown. We just need to wait for the catalyst to send it.
Until then, we keep our eyes opened for possible opportunities.
RUT Russell 2000 Support and ResistanceRUT Russell 2000 bounced from the strong support of $1940 and is heading to the $2180 resistance.
I also think we might see the end of the war soon.
Russia says the first phase of its “military operation” in Ukraine is mostly complete.
Looking forward to read your opinion about it.
RUT Russell 2000 same level as December 2020The Russell 2000 index lost all its gains from 2021 and is now at the pick of December 2020.
I expect 2022 to be the year of this index, that has a lot of undervalued gems, like 2021 was they year of the Big Tech with high multiples.
Looking forward to read your opinion about it.
RUT Russell 2000 Santa Rally?The Santa Rally is set to start on Monday, Dec. 27.
This period gave positive return for the S&P 500 78.9% of the time.
Since 1950, the average return of the Santa rally was 1.33%.
How do you think this will be reflected in the Russell2000 index?
The reasons could be optimism over the new year ahead or holiday spending.
ridethepig | Small Caps Breaking DownA timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in.
Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that its not different this time will continue with the necessary text, the question is whether real money decides to step in and stop the bleeding. After losing support the next key level in play is 1350, and a deeper extension towards 1,175.
Thanks as usual for keeping the feedback coming 👍or 👎