Small-Caps Sinking To The Fib -

Small-Caps Sinking To The Fib

Jul 21, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashA little over a week ago, the Russell 2000 small-caps reached escape velocity and were finally able to free themselves from the clutches of a two-year price range.Over the course of the most recent trading session, most of this “escape” was erased, but this could still be considered a bullish setup (very bullish, in fact) if prices stabilize above the Fib and don’t slip below it.On the other hand, a failure of the Fib would represent a failed bullish breakout, and it could suggest we’re simply back into the old range.More By This Author:Now IndustrialsTechs And The GapNetflix’s Post-Earnings Action: Better Or Worse