By Anton Eljwizat
A bullish movement in Russell 2000 has pushed a number of technical indicators into the over-bought territory. As I will demonstrate below, Russell 2000 may very well be heading for a reversal, as a bearish cross has taken place on the Slow Stochastic. In addition, the Williams Percent Range indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal. Don’t forget your Stops and Limits!
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