Russell 2000 Breaks Above 50% Fibonacci Retracement Level!E-mini Russell 2000 Index Futures (Jun 2025)CME_MINI:RTYM2025TradeTheIndexHey Traders today was checking out the Russell 2000 again and it's bullish momentum is increasing fast. But it's looking a little overbought now and so are the other indexes it's been an nice leg up so far and Im not saying it can't continue but remember what goes up must come down eventually. In the stock market it's called a correction for those who may be new to trading. So profit taking should bring prices back down before next leg up to all time highs hopefully. So imo best way to trade it is look for a level that market could retrace back to before buying. the 50% retracement level is normally strong support so I think it market can retrace back to 2105 it looks like a good level to buy back in this market before the bullish momentum continues. Also this is right at the trend line and imo as a trend follower the best place you could ever buy is right at the trendline. However when trading these indexes I notice that it's normally the Nasdaq 100 that leads the market higher. So if the Russell pulls down but the Nasdaq 100 does not. I would not take the trade but if Russell drops and Nasdaq drops also then I believe we have a good confirmation that market has corrected. So I would just put an alert on tradingview at 2105. Will markets always pull back? No so you might need to make changes if bull run continues. But eventually they all will pullback trading is a game of patience. So thats about it no indicators needed best indicator of all time is Price Action imo! Always use Risk Management! (Just in case your wrong in your analysis most experts recommend never to risk more than 2% of your account equity on any given trade.) Hope This Helps Your Trading 😃 Clifford