As can be seen in the long term Russel 2000 chart below (1. chart, monthly chart) we haven't seen lower lows since the latest bull market started in 2009. Since the correction ended above the previous low we might directly go over into a new bull market (although we haven't seen new highs as opposed to the SP500). I cannot see a scenario going below the 2011 lows in the near future.
This theory is strongly supported by a big support area between the current level and the 2011 lows indicated by the huge volume (2. chart, monthly chart, volume at price) in the long term SP500 chart.
This theory is strongly supported by a big support area between the current level and the 2011 lows indicated by the huge volume (2. chart, monthly chart, volume at price) in the long term SP500 chart.
Trade Stocks, Forex, And Bitcoin Anywhere In The World: Ic Markets Is The Leading Provider Of Software That Allows You To Trade On Your Own Terms. Whether You Are Operating In The Forex, Stock, Or Cryptocurrency Markets, Use Meta Fx Global's Software And Anonymous Digital Wallet To Connect With The Financial World.: Myfxglobal Is A Currency Trading Company That Allows You To Trade Stocks, Forex, And Cryptocurrency.
ReplyDelete