print-icon
print-icon

Russell - warning sign?

We are not overly fond of trying to time bottoms nor tops, but after extreme moves like we have seen in Russell lately, you must watch every candle closely. Friday was an interesting day, especially as Biden came to rescue markets late in the session. Russell futs put in a rather big hanging man candle. As our readers know, we always need a confirmation in order to "validate" such a possible reversal. Note Russell is in the upper part of the longer term trend channel and it is overbought. These are not reasons to call a top, but definitely something to watch here.
Loading...