Feb 27, 08:52 PM

Russell 2000 Index Falls to Five-Month Low at 215 After 12.4% Decline from Cycle High

The Russell 2000 index has experienced a downturn after reaching a multi-year high, closing at a five-month low while narrowly avoiding a 12-month low. This reversal aligns with a base breakdown pattern, which some analysts interpret as a failed breakout. The index has shown severe underperformance since its peak in November, with a significant decline of 12.4% from its cycle high. Recent technical indicators, including a DeMark 13 Sequential/Combo countdown near 215, suggest potential trend exhaustion following a prolonged decline.

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Written with ChatGPT (GPT-4o mini).