Complex Boring Correction..!The Russell 2000 index, created in 1984 by the Frank Russell Company, is comprised of 2,000 small-capitalization companies.
The index is frequently used as a benchmark for measuring the performance of small-cap mutual funds.
Many investors see its breadth as giving it an edge over narrower indexes of small-cap stocks.
In the past 2 weeks, RUT 2000 experienced a +7.3% gain.
As II previously said, this recent rally would not be considered a bullish market because of the low trading volume, but it is a part of a complex correction! I believe this situation could last for the next 1-2 months.
Most probable scenario:
A: If we see lower money flow: Bearish breakout (I think this is the most likely to happen)
B: If we see an increase in money flow: Bullish breakout ( If 6 trillion dollar bill pass fully, this could be the case)