Potential Altseason Around The Corner

The recent FOCM (Federal Open Market Committee) meeting has led to significant volatility in the RTY (Russell 2000) Index, which saw it reach a high of 2305 USD before plunging to its lowest point in recent days. This volatility is a direct reflection of market reactions to the FOCM's policy decisions and economic outlook.

At its peak, the RTY hitting 2305 USD marked a significant milestone, indicating strong investor confidence. However, the subsequent decline has raised concerns among traders and analysts. By zooming out, the broader market picture suggests that this movement could be interpreted through the Wyckoff Method, particularly as a test of the Last Point of Support (LPS).

The recent price actions in the RTY could signify a potential reversal if the LPS holds. This means the market might be gearing up for a bullish phase after testing its support, making the upcoming days crucial for investors watching the RTY Index.