Near-term support lies at 930-935...a drop and hold below that level could send it down to 900, or lower.
Friday, March 15, 2013
970 by April Fool's Day?
The Russell 2000 E-mini Futures Index (TF) appears to be on track to hit its 200% external Fibonacci retracement level of 970 by April Fool's Day, provided it remains in its uptrending channel, as shown on the 60 min (market hours only) chart below.
Near-term support lies at 930-935...a drop and hold below that level could send it down to 900, or lower.
Near-term support lies at 930-935...a drop and hold below that level could send it down to 900, or lower.