RTY Monthly time frame bullish breakout

28 במרץ

The RTY Monthly time frame has been sideways. The market was able to close above resistance (The top blue level) that has pushed price down several times. If the market can stay above resistance (the top blue line) I am expecting a the market to have a bullish push towards all time highs near target price point 2455.9 about +4,000 ticks above the market give or take. As long as the market stays above resistance, it should be a good idea to turn to the smaller time frame and look for buying ideas in the buy zone.