Strong resistance at (1) for the Russell 2000. Fibonacci 50%, falling resistance and a possible right shoulder stopped this small cap index after a strong rally.

Now the Russell finds itself testing critical support at (2).  If you are open to scoring on defense, if the Russell breaks support at (2), hop on board RWM (inverse ETF)!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past