With the 30 year bond yield breaking above the 2023 high and now trading at 5.19%, it may be worth looking at the future potential downside targets in stock markets. We are focussing on the Russell 2000 index where bearish divergence in the 14 day relative strength has been apparent since early May 2026. The daily MACD-V indicator is now declining from a relatively high level.

Fibonacci downside projection targets based on the recent 2404 to 2888 range traded since March 2026 would put focus on 2106 (61.8%) and 1622 (161.8%) if the 2404 level gives way.

Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.