E-Mini Russell 2000 Closed Yesterday Up 0.49%

The Hourly View for E-Mini Russell 2000

  • At the moment, RTY’s price is down -0.23 (-0.01%) from the hour prior.
  • The hourly chart shows that E-Mini Russell 2000 has seen 2 straight down hours.
  • From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. The moving averages on the hourly 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.

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

RTY

The Daily View for E-Mini Russell 2000

  • At the moment, RTY’s price is up 10.89 (0.49%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 200 day moving average, resulting in them so that price is now turning above it. 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.

RTY

Featured E-Mini Russell 2000 Commentary From Twitter

Bounce at 44 so far
Want RTY to stay bid above 2219
NQ showing weird strength today = likely tech rotation day

Obvs cuz FANGMAN up big today
Cannot ignore this ☝🏽NA

yodaflo