The Russell has bounce off its lows a tiny bit but could we now see a more decisive recovery heading deeper into the U.S. session?
The markets have been holding firm with tech sector leading the spx500 to a new high today, even though the index then came off earlier highs amid profit taking with government shutdown making things complicated.
Still, the trend is clearly bullish and we could well see the small cap index hold support here around 2435 which was prior resistance.
On the upside 2468 is the main level to watch. Break this and a new ATH above 2491 could be on the cards.
By Fawad Razaqzada, market analyst with FOREX.com
The markets have been holding firm with tech sector leading the spx500 to a new high today, even though the index then came off earlier highs amid profit taking with government shutdown making things complicated.
Still, the trend is clearly bullish and we could well see the small cap index hold support here around 2435 which was prior resistance.
On the upside 2468 is the main level to watch. Break this and a new ATH above 2491 could be on the cards.
By Fawad Razaqzada, market analyst with FOREX.com
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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.