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| Russell 2000 Weekly |
The Russell 2000 inverse head and shoulders is playing out on the weekly chart. If you use a conservative head number (640), the target comes out to about 1,100. I used 868-640=228. 228+868=1096. That's about 10-11% up from here. Shameless plug: We looked at this chart on the first trading day of the year -
January 2nd Afternoon Thread.
On a shorter daily time frame, things are looking ripe for a pull back though... stay on your toes. :-)
