Russell 2000 Price Target Level To Trade

[inthemoneystocks]

The Russell 2000 has long been the laggard when it comes to stock market indexes. However, that has changed in recent days with it surging. Today alone, the Russell 2000 is up almost 4% while the S&P 500 and NASDAQ 100 are just up a little over 1%. Based on technical signals, the Russell may remain stronger than the other indexes for the near-term. The Russell 2000 price target as shown on the IWM (Russell ETF) below in the chart is $144.00. The current price is $127.35.

This is what is known as a catch-up trade. Please keep in mind, the markets are on thin ice. I am not one to buy the Russell 2000 ETF (IWM), instead I am looking to patiently wait to short the Russell 2000 price target of $144.00.

See the chart here: https://inthemoneystocks.com/russell-2000-price-target-level-to-trade/

Gareth Soloway
InTheMoneyStocks
Chief Market Strategist