Russell 1000 Index at a Crossroads
Posted: Sun Apr 17, 2016 2:20 pm
The Russell 1000 Index is showing lower high points below a falling trend line at the 1151 level. In the previous month we saw a huge move up from a support level of 1070. These two levels will be used now as indicators for the direction of the index in the future.
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On a monthly chart, this is increasingly looking like a bearish broken top formation, but in order for this to be confirmed, we need a ... (read more)