Trend Analysis for the Russell 2000 Index based on algorithms: Chart of the last 10 months
Trend Analysis for the Russell 2000 Index, a benchmark for small-cap stocks in the United States. The Russell 2000 is a subset of the Russell 3000 Index that includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership.
- BKX forecast from December 13th 2012 untill September 15th 2013.
- The forecast is based on the 90 days prediction of “I Know First” predictive algorithm
How to read this chart?
Each point on the chart was taken from the actual daily forecast published the morning before the next market open. The chart shows the actual price in thick blue. The positive or negative (Up or Down) signals of the forecast were added to the actual last known price at the time of forecast to result in signal lines. Thus, when the signal line is above the actual line, it means “buy,” if below, it means “sell”. The green and red arrows show what would be the best times to enter the market. The widely ranging signals are scaled relative to the previous average signal range to bring them into manageable scale to fit them all in one chart.