Russell 2000 Weekly Chart Update

It is a good idea to watch the Russell 2000 once in a while as it can be a very good leading indicator. The Russell rolled over just about a year ago and has never followed the three other indices.

Besides a little support at the time of this posting, the next price support may happen at 1250! That would also slice the trend line which now has 2 Intermediate degree bottoms.

Crashing through any intermediate degree bottom would force me to look for a Primary degree position!

I have a bearish outlook and until solar cycle 25 starts to run rampant I will not turn long term bullish.

The Gold/Russell 2000 ratio is still expensive at 1.02 so I would like to see that ratio get much cheaper.

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