Chris explains: Resistance came into play at (1) in the Russell 2000 chart — a 50% retracement, falling resistance and a potential right shoulder, which stopped a sharp rally.
Now the Russell is testing key support at (2).
If the support breaks at (2) and you are comfortable with scoring on defense, "hop on board" RWM, the inverse Russell 2000 ETF, with a stop 3% above support at (2).
