The Russell 2000 is testing key resistance and a move over this resistance zone is key to the next rally leg in the stock market. Here’s what you need to know.
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The bias in the $RUT is bullish as it tests key upside resistance at 1205 – 1212.8. A move above this zone is needed to fuel another leg higher in the stock market. There is support on any pullback at 1191. A move by the $RUT above this key resistance zone would lead to another leg higher in the other indices, sending the $SPX to new record high levels.
