Russell 2000 - Small Caps face Headwinds (TZA)
Submitted by SC on Fri, 01/13/2012 - 04:30
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The Russell 2000 is likely to see increased selling pressure at it approaches the 775 area. Multiple resistances are converging at this level. A short term top and dip to follow could be expected as a result.
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bearish rising wedge
Submitted by Anonymous on Fri, 01/13/2012 - 05:35.If you draw an uptrendline starting from the October low, you have the bearish pattern of a rising wedge formation. That would target a break of as low as 660, or lower.
Most likely we will see a
Submitted by SC on Fri, 01/13/2012 - 13:54.Most likely we will see a pullback soon from this level at least for now. Stay tuned as a larger bearish move may develop with the wedge you have described. Thank you.
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