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Russell 2000: US stocks attempt to form near-term base

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The US stock markets have been trying to stabilise in recent times following the wobble at the start of the year. Though concerns over the global economy are still there, sentiment has turned slightly positive after the major global central banks either expanded their unconventional policy tools or promised to do so, or in the case of the Fed and BoE, dropped their previously hawkish tone. Fourth quarter earnings results have not been too bad but not great either with Facebook for example

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