RUT’s chart reminds me of the old country and western song: “How Can I Miss You When You Won’t Go Away?”
The Russell 2000 is down over 10% today, so it’s technically in a correction. Some of its individual components have really taken it on the chin. And, it’s fallen below its 200-DMA, which is typically bearish. Seems like a sure fire shorting opportunity, right?
How long can this go on? And, what does an Italian mathematician have to do with it?
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