The Russell 2000 index has experienced a significant decline, dropping 10% from its recent peak, influenced by rising long-term bond yields and a shift in market sentiment. However, signs of oversold conditions suggest a potential short-term rebound, with low market volatility expected this week due to the holiday season. Key entry points are identified at 2200, targeting 2300 and 2400, with a stop at 2150, indicating a favorable risk/reward ratio.