Small Caps Are Testing a Critical Level π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by Evan Medeiros.
The Russell 2000 has pulled back into the polarity zone of roughly $270 after three consecutive down days.
This level aligns with the prior highs from January and already proved its importance after acting as support on a recent retest just weeks ago.
What happens here may offer important insight into the broader market if small caps fail to hold a level of former support.
The Takeaway: The Russell 2000 is back at a level that could matter for the entire market.
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