E-Mini Russell 2000 Closed Yesterday Down -1.97%

News Releases Impacting E-Mini Russell 2000

Forecasted Personal Income MoM in United States: 0.5%. The actual number: 0.5%. (0% difference between the two.)

Currently, RTY’s price is up 3.64 (0.17%) from the hour prior.
E-Mini Russell 2000 has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

E-Mini Russell 2000’s hourly price chart is shown below.

At the time of this writing, RTY’s price is down -42.03 (-1.97%) from the day prior.
This is a reversal of the price action on the previous day, in which price moved up.
If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Divergence between RTY’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in RTY’s price.

Below is a daily price chart of E-Mini Russell 2000.

Sentiment Speaks: What If They Held A Recession And No One Showed Up? – Part I – Avi Gilburt
March 31, 2022
This is a presentation of my general theories of market analysis culled from my articles and presentations throughout the years.