RUSSEL 2000 ready for an explosive move?
RUT has created an interesting daily price chart:
1. it shows a pole/flag pattern with a potential to move another step upwards - but how much?
2. it shows an inverted Shoulder-Head-Shoulder pattern, which points to a potential move - eventually erractic ? - towards 2100 points.
3. the cyclical pattern let us expect a feelable trough only towards end of February.
Though, many see the RUT as weakest among the indexes, but expect the unexpected......
1. it shows a pole/flag pattern with a potential to move another step upwards - but how much?
2. it shows an inverted Shoulder-Head-Shoulder pattern, which points to a potential move - eventually erractic ? - towards 2100 points.
3. the cyclical pattern let us expect a feelable trough only towards end of February.
Though, many see the RUT as weakest among the indexes, but expect the unexpected......
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