E-Mini Russell 2000 Does it Again: Heads Down for the 2nd Straight Day

News Releases Impacting E-Mini Russell 2000

  • Forecasted NFIB Business Optimism Index in United States: 98.6.. The actual number: 98.9.. (0.3% difference between the two.)

The Hourly View for E-Mini Russell 2000

  • At the moment, RTY’s price is up 0.16 (0.01%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as E-Mini Russell 2000 has now gone up 4 of the past 5 hours.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • 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

  • Currently, RTY’s price is down -8.66 (-0.4%) from the day prior.
  • E-Mini Russell 2000 has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • 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.

RTY

Latest News Discussing RTY