The Russell 2000 /RTY futures has been rangebound for virtually the whole of 2021.
This remains the most important chart in the world to me these days:
(Click on image to enlarge)
This is the Russell 2000 /RTY futures, and you can see how we’ve been rangebound for virtually the whole of 2021. Mercifully, the recent baseless rally stopped at the white line, which cements yet another “lower high”. Naturally what I’d like to see next is a lower low, which will shatter the bottom of the range. Then………there will be blood.
This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
Comments
Log in or sign up to join the conversation.