RUSSELL 15-year Cyclical pattern calls for enormous growth.Russell 2000 (RUT) made a massive rebound on last month's candle on the 1M MA100 (green trend-line), closing above it and maintaining the long-term price action above this Support since the March 2020 COVID crash.
Practically that was the only time the 1M MA100 broke since the October 11 recovery, which was the start of a 15-year Cyclical Pattern that initiates Bull Cycles after 1M MA50 (blue trend-line) ad then 1M MA100 rebounds that peak on the 2.0 Fibonacci extension.
Last month's rebound sets the stage for a post-COVID type recovery, especially if the Fed cuts the Interest Rates on their next meeting. The 2.0 Fibonacci extension is a little bit over 3500, which is our long-term Target.
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