UPDATE: That Was Fast! >> Russia RTS Index: Hits Short-Term Projected Target Of 1330

On May 13, we posted regarding the positive short-term and long-term potential of the Russian RTS stock index. Only 9 trading days later, the index hit its short-term target around 1330.

Whether the long-term positive scenario plays out obviously is to be determined. However, in the short-term, the Russian stock market has continued to display textbook bottoming behavior.