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Master technical analyst Chris Kimble shares his perspective on the Russell 2000.
Chris comments: The Russell 2000 attempted of late to break above it 2007 highs — with no success so far.
Since last Septembers lows, a rather large rising wedge has taken shape, which about two-thirds of the time suggests that lower prices are ahead.
Should the bottom of the wedge be taken out, this prior upside leader, could become a downside leader!
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