The Russell 2000 is the best example of "each action has an equal an opposite reaction"
As much as the Covid crash was a " black swan event" the reaction that propelled markets outside of the long established channel, that was short lived as it was not an economic or profitability issue.
Equally the unprecedented fiscal stimulus or "fake money" created an opposing reaction that propelled markets outside the upper trendline in a similar fashion.
Now that the small cap market has returned to the long established channel its my view that it will fail at that upper (mid ) trendline and Trigger a significant bear market.
This theory is supported by the Fibnnacci retracements coinciding with established support and resistance lines.
$2 PARTY, page-11361
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Last
$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5300 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 86880 | 4 |
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