Chart of the Day - Thursday, February 17th, 2022
February 17, 2022
Today’s Chart of the Day was shared by John Roque (@daChartLife). It's a daily bar chart of the Russell 2000 over the past year and a half. The Russell continues to bump its head on the ceiling every time it tries to stand up. John calls it the 'Dikembe treatment', alluding to Dikembe Mutombo, the seven-foot NBA defender who was known for swatting down shots at the hoop. As we know, Small-Caps tend to lead the broader market higher or lower. So, this rejection continues to be a problem in the intermediate term.