Small caps looks a bit tired, just hit trend resistance from 2001, and has been on down trend since.
Monthly RSI is also showing that we have turned down, which means increased likelihood that we are revisiting 100WMA (golden MA) or lower soon.
Monthly RSI might hold at this level and reach to upper trendline again, but R:R ratio is a bit... meh.
HOWEVER, relative to SPY small caps still present good value.
Monthly RSI is also showing that we have turned down, which means increased likelihood that we are revisiting 100WMA (golden MA) or lower soon.
Monthly RSI might hold at this level and reach to upper trendline again, but R:R ratio is a bit... meh.
HOWEVER, relative to SPY small caps still present good value.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.