No Change:
The Russel 2000 closed this week at $2923.3 currently we have blown below our Fibonacci retracement of $3000.00 and have landed on downwards trend to test our 20 week moving average. Since the war on Iran is influencing the price of oil this week we are looking at testing the 20 week moving average closing next week down possibly 3%. If by chance we break down past the 3% landing at our next down leg of our retracement of around $2670 we may be looking at a deeper decline.