The Russell 2000 Ends The Week Back At The 200 Day Moving Average Magnet

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The Russell 2000 Ends The Week Back At The 200 Day Moving Average Magnet

The battle for the soul of this market continues to take place in the small cap Russell 2000. Its the quickest to break lower on sell offs and the most volatile.

It closed the week right back at the magnet 200 day moving average. 

I continue to be obsessed with the small caps and this moving average as I am more interested in the next longer term move and not so much tomorrow or a week.

This is still neutral to me until we see a break below the potential double bottom at 1082 or potential double top at 1212. 

That’s a large range but it is what it is.

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