Stock market bulls need not be concerned that the Russell 2000 index RUT is on the brink of dropping below its 200-day moving average.
This sanguine assessment may surprise you, since for decades technicians have considered breaking below the 200-day moving average to be a major bear market signal. In fact, though, the moving average never enjoyed much historical support, and what little support it did have disappeared completely starting about 30 years ago.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: