{"id":8185,"date":"2017-02-13T14:59:56","date_gmt":"2017-02-13T14:59:56","guid":{"rendered":"http:\/\/www.t3live.com\/blog\/?p=8185"},"modified":"2017-02-13T14:59:56","modified_gmt":"2017-02-13T14:59:56","slug":"russell-2000-hits-record-highs-may-be-ready-for-a-breakout","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2017\/02\/13\/russell-2000-hits-record-highs-may-be-ready-for-a-breakout\/","title":{"rendered":"Russell 2000 Hits Record Highs, May Be Ready for a Breakout"},"content":{"rendered":"

The Russell 2000<\/strong> just made a new all-time high, matching last week's records in the SPX<\/strong>, Dow<\/strong>, and Nasdaq<\/strong>.<\/p>\n

In doing so, it is above this little 1385-1390 range at which it failed 3 times in a row:<\/p>\n

\"\"<\/p>\n

We can also view those 3 failures as top points of a descending trendline:<\/p>\n

\"\"<\/p>\n

I'd keep an eye on it to see if it can keep moving with authority above 1400.<\/p>\n

Round numbers are meaningless for judging direction but 1400 is just enough above the recent range to judge this extension<\/p>\n

Yellen's testimony may be key tomorrow.<\/p>\n

If she's hawkish, that could help the Russell <\/strong>bust a power move higher since a strong dollar is generally better for small caps than large caps.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Russell 2000 just made a new all-time high, matching last week’s records in the SPX, Dow, and Nasdaq. In doing so, it is above this little 1385-1390 range at which it failed 3 times in a row: We can also view those 3 failures as top points of a descending trendline: I’d keep an eye on it to see if it can keep moving with authority above 1400. Round numbers are meaningless for judging direction but 1400 is just enough above the recent range to judge this extension Yellen’s testimony may be key tomorrow. If she’s hawkish, that could help the Russell bust a power move higher since a strong dollar is generally better for small caps than large caps.<\/p>\n","protected":false},"author":2,"featured_media":4095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[208,496,50,212],"class_list":["post-8185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-janet-yellen","tag-russell-2000","tag-technical-analysis","tag-yellen"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/8185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=8185"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/8185\/revisions"}],"predecessor-version":[{"id":8188,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/8185\/revisions\/8188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/4095"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=8185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=8185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=8185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}