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Russell has found the 855-870 price zone to be tough resistance since 2007. Each time it has kissed this price zone it has backed off. Now the Russell is near this price zone and is kissing the underside or resistance at (2) in the chart above.
A break above resistance would be a real positive for Small Caps, because it would represent a 5 -year breakout. Will the Russell Kiss resistance good-bye or back off again like it has for the past 5 years? Stay tuned!