It is interesting to note that RUT was in the range of about 300 points throughout 2021.

The range is shifted downside in Jan 2022 and the same is still maintained.

The range maintained in 2022 stands at 76.4% Fibonacci level of 2021 range.
DOWFibonaccinasdaqrussellSPX (S&P 500 Index)Trend Analysis

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