Mini Russell 2000: Forecast
Jason Sen | Dec 18, 2014 03:00AM ET
Mini Russell 2000 now testing resistance at 1172/73. Be ready to go with a break above here to target 1177/78 then last week's high at 1182/84. A good chance of a high for the day here but shorts need stops above 1189. Be ready to go with a break higher again to target November highs at 1200.
Failure to beat resistance at 1172/73 should trigger a move lower towards support at 1164/62. This should hold the downside initially at least but on a break lower look for a test of the next target & support at 1158/56. Try longs with stops below 1152. Try longs again at 1147/45, with stops below 1141.
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