I SHARES RUSSEL 2000 INDEX WEEKLY CHART
- THE Index is moving up in an upward moving channel.
- A close below 64 will break the channel. Staying above 64 the channel is valid and will move up to 74 in the coming weeks.
- Keep 62 as stop loss for a long trade.
- Daily chart shows the index closing above its 200 day moving average.
- Trading above 64 will lead to upside targets of 70 and 74.