Monday, March 24, 2014

14-year resistance and high valuations for Small caps right here!

by Chris Kimble

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Russell 2000 is hitting a 14-year resistance line on a monthly basis at (1) above. At the same time valuations are hitting levels only seen twice in all of history.  In the past the combo of resistance and valuations took place near a peak in small cap prices. Different this time?

Pretty important price point and pattern for the Russell 2000 right now!

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