Small Cap may break above major resistance since June 2022
With 3 time rate cutting in 2024, it will benefit small cap due to loan/debt interest repayment.
This will help the small cap companies.
On daily time frame, RSI is at overbought level which you may want to be caution to chase the bullish trend. Waiting for pullback to long.
Break and close above 2010 = may see 2150 follow by 2300 in year 2024.
On weekly time frame, there is still room for RSI to go even higher.
This will help the small cap companies.
On daily time frame, RSI is at overbought level which you may want to be caution to chase the bullish trend. Waiting for pullback to long.
Break and close above 2010 = may see 2150 follow by 2300 in year 2024.
On weekly time frame, there is still room for RSI to go even higher.