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Russell 2000 continues to find support in the 650 area. Today is one of the better one day rallies the Russell as seen over the past 6 weeks as it gapped higher today. At the current time the Russell 2000 is very close to a falling resistance line drawn from off a potential short-term right shoulder at (2).
The Russell 2000 has been about 40% weaker over the past 90 days, than the S&P 500. How it handles this resistance after today becomes very important, with the potential H&S looming overhead!