Russell futures have bounced off of the long term BLACK channel supporting this rather aggressive bear market rally these past few week.
The YELLOW channel overhead will act as resistance along with the 50 day SMA.
The market these past few weeks were broadly oversold which is believed to support this relief rally.
All technical indicators point to a longer term bearish scenario at this time, at least until we start to see some technical and fundamental changes.
The YELLOW channel overhead will act as resistance along with the 50 day SMA.
The market these past few weeks were broadly oversold which is believed to support this relief rally.
All technical indicators point to a longer term bearish scenario at this time, at least until we start to see some technical and fundamental changes.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.