Russell 2000 Stock Index (TF) is trying to find the bottom as investors try to divide the Greek crisis and its potential impact on small businesses in the US, focused on the domestic market. Today’s data on consumer confidence from the Conference Board were much better than expected. The value of the index was 101.4 points versus 97.1, and signaled a possible increase in consumer spending in the second quarter.
The Russell 2000 Index is a market leader in the United States, as listed near the 50-day moving average, while the S & P 500, Dow and NASDAQ were fixed below, and the first two have touched the 200-day moving average. In the area of 1244 he felt strong support and may be of interest to search for long positions.
|Russell 2000 chart|