RUSSELL200 below 200 DMA after Friday correction US 2000TRADENATION:US2000TradeNationThe Russell2000 (US2000) index price action sentiment appears neutral, the longer-term prevailing uptrend is challenged as the price closed below the psychologically important 200-day moving average. Since reaching an all-time high on 25th November 2024 the Russell2000 index price action is consolidating in a sideways trading range. The key trading level is at 2207, which is the 200-day moving average level. A bullish bounce back from the 2207 level could target the upside resistance at 2257 followed by the 2324 and 2360 levels over the longer timeframe. Alternatively, a confirmed loss of 2207 support and another daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 2140 support level followed by 2093. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.