RUSSELL capped by 200DMA, The Week Ahead 03rd March '25
The Russell 2000 (US2000) index exhibits bearish sentiment as the long-term uptrend is under threat, with price action closing below the psychologically significant 200-day moving average (2209). Since reaching an all-time high on November 25, 2024, the index has started to show weakness, suggesting a potential continuation of its corrective consolidation.
Bullish Scenario:
The 2209 level (200-day moving average) serves as a critical support zone.
A bullish rebound from this level could restore upward momentum.
Potential upside targets include:
2257 (initial resistance)
2324 (next major resistance)
2360 (longer-term target)
A strong bounce from 2209 could signal a recovery and reaffirm the broader uptrend, attracting renewed buying interest.
Bearish Scenario:
A confirmed break below 2141 support, followed by a daily close under this level, would indicate further weakness.
This could accelerate the downside momentum, leading to potential targets at:
2093 (next key support)
2023, if selling pressure intensifies
A sustained move below 2141 would invalidate the bullish outlook, suggesting the corrective phase could deepen, with the potential for an extended pullback.
Market Outlook:
The 2209 level remains the key pivot—holding above it could support a recovery, while a decisive break lower would confirm a deeper correction. Traders should monitor price action closely for confirmation signals to assess the next directional move in the market.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Bullish Scenario:
The 2209 level (200-day moving average) serves as a critical support zone.
A bullish rebound from this level could restore upward momentum.
Potential upside targets include:
2257 (initial resistance)
2324 (next major resistance)
2360 (longer-term target)
A strong bounce from 2209 could signal a recovery and reaffirm the broader uptrend, attracting renewed buying interest.
Bearish Scenario:
A confirmed break below 2141 support, followed by a daily close under this level, would indicate further weakness.
This could accelerate the downside momentum, leading to potential targets at:
2093 (next key support)
2023, if selling pressure intensifies
A sustained move below 2141 would invalidate the bullish outlook, suggesting the corrective phase could deepen, with the potential for an extended pullback.
Market Outlook:
The 2209 level remains the key pivot—holding above it could support a recovery, while a decisive break lower would confirm a deeper correction. Traders should monitor price action closely for confirmation signals to assess the next directional move in the market.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.