I have been saying to watch this Russell 2000 chart because I believe that this chart will be first to confirm the end of the long term uptrend in equities. Looking at this chart, the major reversal could be confirmed as early as the next two weeks.
It might surprise and hold support and then rally higher into May, but I very much doubt it by looking at the MACD. Lets see what happens.
Click on chart to enlarge
Russell 2000 weekly chart showing test of major support
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