Yesterday's trading saw the index close above multiple converged resistance areas. Having said that, it's not the ultimate breakout of 5,400, but it goes a long way to bedding the bearish action of recent weeks.
The Russell 2000 rallied a little from the void. There was no test of the 50-day MA, at least not yet, although it was able to rally from the November swing low.Today, we want to see the semiconductor index hold on to its gains and see if Russell 2000 can firm up a swing low.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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