Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
continues. If the Russell 2000 could go on to tag its 200-day MA, particularly if it's done on a bullish reversal candlestick, then there would be a good trade opportunity on offer here. Even a rally from here might be enough if there is a tight stop.
The Nasdaq accelerated its losses with a 2% loss. Support at 15,150 may offer a respite, but bulls would need to bid this up early in the week if this was to play as support. It will probably take some stop-gap candlestick in the S&P 500 and Nasdaq to offer the incentive for the Small Cap trade. When this time comes, lows for new trading ranges will be established across these lead indexes.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
US Small Cap 2000 Ishares Russell 2000 ETF NASDAQ Composite
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