Russell 2000 Technical Analysis – Dip-buying opportunity in sight? ...Middle East

Fundamental OverviewThe Russell 2000 has been on an incredible run ever since the last US CPI report as the index had its best 5 days streak in 24 years. The goldilocks data was the catalyst for a strong rotation from big cap stocks into the small cap stocks, and the momentum was probably exacerbated by hedge funds facing short squeezes on their small cap hedges as yields came down. More recently, we finally started to see a pullback which wasn’t triggered by any negative catalyst, so it might be an opportunity to buy the dip as the fundamentals strengthened the case for a soft landing. Russell 2000 Technical Analysis – Daily TimeframeOn the daily chart, we can see that the Russell 2000 reje

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