Russell 2000 Technical Analysis
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The Russell 2000 opened lower and finished the day negative. Rate cuts expectations have been pushed further out. Treasury yields skyrocketed, putting pressure on the stock market. The daily chart shows weakening momentum and a break below the key support zone. The 4-hour chart shows a break below the trendline and Fibonacci retracement. The 1-hour chart shows a better risk to reward setup for sellers. The US PPI report and US Jobless Claims figures are upcoming. The article provides technical analysis and does not constitute investment or trading advice.



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