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Indexes and ETFs | Technical Analysis
Chart of the Day: Make or Break Time for the Russell?
David Russell
July 10, 2024

The Russell 2000 has gone nowhere since December, but some traders may think the small cap index is poised for a move.

The main pattern on today’s chart is the pair of converging lines along the lows since April and the highs since May. Will there be a breakout from this triangle?

Second, Bollinger Band Width has …

For more, please click here to view the related idea and chart analysis on TradingView.

Russell 2000, daily chart, with selected patterns and indicators, courtesy of TradingView.
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About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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