Will Russell 2000 rise towards the 1640.7 level?
Weekly forecast (October 24 – 28, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1794.4, which will be followed by moving up to resistance level 1919.6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1794.4, which will be followed by reaching support level 1640.7.
Previous week forecast
Monthly forecast, October 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1778,7, which will be followed by moving up to resistance level 1919,6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1778,7, which will be followed by reaching support level 1640 and if it keeps on moving down below that level, we may expect the market to reach support level 1520 and 1440,4.
Previous month forecast
