Market News / Story
Depressed positioning leaves the Russell 2000 primed for a squeeze
Seeking Alpha ·
Seeking Alpha reports: The Russell 2000 ( RTY ) is pressing the upper boundary of the downtrend channel that has contained the index since its all-time high, after Monday’s session stalled at the downward-sloping 20-day moving average. A decisive break above that average would clear the first technical hurdle and open a path toward the 100-day moving average. Momentum is already shifting underneath the surface. The daily MACD has registered a positive crossover, and the relative strength…