#rateofchange

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Today's chart of the day was shared in a research note from Bespoke Investment Group. It's a candlestick chart of the small-cap Russell 2000 index with the 50 and 200-day moving averages. Bespoke highlights the fact that the "Russell 2000 just can't make up its mind" as it's been wavering above and below the 200-day moving average for some time now, giving us no clear indication of a trend up or down. They note that yesterday's close back above the 200-DMA marks the seventh time the index has crossed above or below its 200-DMA in the last 50 trading days. They add that two heavily weighted sectors within the index, Banks, and Biotech will need to move in order for the Russell to "make up its mind". @bespokeinvest