The Russell 200 Index is clearly in an established uptrend as you can see on this weekly chart. The CPI number out this morning looks like it will push it back to the lower trendline. If recent history is still intact (it is for now), there may be an opportunity for a long trade on a reversal. All TBD.
My plan is to wait for a reversal back to the upside then look for a low-risk reward entry. There is an area of resistance around that horizontal line as well.
Let me know your thoughts in the comments.
My plan is to wait for a reversal back to the upside then look for a low-risk reward entry. There is an area of resistance around that horizontal line as well.
Let me know your thoughts in the comments.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。