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Berger: Looking for price weakness in the Russell 2000
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Serge Berger, also known as the Steady Trader, is looking to short the Russell 2000 small-cap Index. Serge explains that although the Russell 2000 index has rallied sharply after its mid-October lows, the index has only moved to lower-highs, while the S&P 500 has moved to higher-highs.
Specifically, Serge is looking for the Russell 2000 index to start showing some price weakness with a daily close below 1173. His target is 1130 with a stop loss at 1190.