| Russell 2000 is the most used benchmark for "small-cap" mutual funds, whereas S&P 500 is used for large-cap equities. It's the most-quoted gauge of small- to mid-cap stock performance. Because it focuses on small-cap U.S. enterprises, it's considered an economic indicator. Bulls are looking good for the week starting 24 Oct and before the most important earnings week of the 4th quarter of 2022, where Amazon, Google, Apple, Miscrosoft, Meta, Boeing, and others. This week will be key to seeing if the stock market has shown its yearly bottom or not. If Russell 2000 may be hinting, it seems like bulls are already staging a rebound. Watch the Russell 2000 technical analysis video to see where stop losses can be set or where bulls can rejoin the ride. But do your own research since this is only an opinion from ForexLive.com and please visit https://www.forexlive.com/technical-analysis for additional perspectives. Have a good week. |
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