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Friday, January 22, 2016

Can small caps rebound enough to regain key weekly level?


The Russell 2000 daily chart here is very interesting. We have what appears to be a bottom reversal on large volume from a very oversold level.


Here on the Russell 2000 weekly cash chart we are looking for the close to be back above the key weekly support. This is already a long term reversal pattern but it does not go down in a straight line.


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