Russell 2000 Measurements
The cycle low (ICL) posted several weeks back did turn the market, however, the Russell 2000 is now at the same percentage gain during the initial phase of the ICL back in February of this year. A very dicey trade at these levels as the market does not even pullback during the thrust out of the cycle lows. Notice the distance above the 200 period MA. (100 pts) roughly 8%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.