Looks pretty rough, and the next big volume support is around 1689, which was the pre-COVID top, with major support around the 1580s. Cheif called a bottom on 1/24, but obviously that wasn't for R2k.
Think RTY is too far down now for a double bottom?
Started by
brucekeller
, Jan 28 2022 07:29 AM
3 replies to this topic
#2
brucekeller
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Posted 28 January 2022 - 07:39 AM
It does however look like it's right at / slightly below a fib.
#3
12SPX
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Posted 28 January 2022 - 09:28 AM
Not sure if hes right for sure however one thing I know is things are extremely and I mean extremely beared up so I wouldn't be surprised if were not seeing a bottom being put in at least for a relief rally!!
#4
gannman
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Posted 28 January 2022 - 10:53 AM
could definitelu see the sp rallying back up to the 200 dma easily very oversold
feeling mellow with the yellow metal
