Russell 2000: Is the uptrend expected to continue?

Weekly forecast (November 14 – 18, 2022)

Uptrend scenario

The uptrend may be expected to continue in case the market rises above resistance level 1919.6, which will be followed by reaching resistance level 2033.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1880, which will be followed by moving down to support level 1746.

Monthly forecast, November 2022

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1782.5, which will be followed by reaching resistance level 1919.6 and 2033.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1782.5, which will be followed by moving down to support level 1640.7 and if it keeps on moving down below that level, we may expect the market to reach support level 1520.3.