From the very beginning of today's US session, the Russell 2000 index, which tracks the so-called "Small-caps" or companies with relatively low capitalization, is rising sharply. While the S&P 500, Dow Jones and Nasdaq rose less than 3% at the opening, Russell 2000 jumped almost 6%! Later in the session the three above-mentioned indices also accelerate. DJIA is already gaining about 3.40%.
In contrast, in Europe mainly "blue-chip" indexes dominate. DAX, CAC40, Euro Stoxx 50 soar over 4%.
In contrast, in Europe mainly "blue-chip" indexes dominate. DAX, CAC40, Euro Stoxx 50 soar over 4%.
The Russell 2000 index (US2000) rose by around 6% today. A huge bull market gap pushed the price towards previous resistance around 1 339 pts. Sentiment on global stock markets remains optimistic and if bulls will manage to break above it, then next resistance at 1 373 pts, where the upward movement was stopped at the end of April, may come into play. In the event of shift in sentiment, the level of 1 180 pts points is an important support to look for. Source: xStation5
