If you look at the monthly, weekly and daily, it appears a top is in for the Russell 2000 in 2019.
This index could go to $1375 – $1300 Which is frightening when you think about the amount of 401ks locked into this index.
Bearish Trend is clear on the weekly since we are below the highs of August 2018. And the index is now unable to break $1600. Not sure why you would be long this stock if you’re paying attention.
The $1375 is the 50 MONTH MOVING AVERAGE which was hit in the December 2018 sell-off. Why couldn’t we hit it again? We have a ton of downside catalysts ready in the wings of the market. This could be an interesting summer.
MomentumBro 