Russell 2000 is a small cap index, this index is made up of only small cap stocks. The Index is trading high which is indicating the small caps are performing well in the market. The small cap stocks are the one which get converted to mid cap and have the highest potential of earning higher return, as per studies as well it has found that the small cap has outperformed the midcap and the large cap majority of the time.

The Index recently broke its resistance and closed above it and is trading high. This resistance is going to play a supporting role in the coming period. The Index has a resistance at 2265.30, if the index is able to sustain above this level we can expect the index to perform on the upside.

If the RSI trades above 80 avoid a long wait for it to dampen.

US2000

Sep 27 2021

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