E-Mini Russell 2000 Enters Today Up 1.13%

News Releases Impacting E-Mini Russell 2000

  • Forecasted Michigan Consumer Sentiment Final in United States: 59.7.. The actual number: 59.4.. (0.51% difference between the two.)

The Hourly View for E-Mini Russell 2000

  • Currently, RTY’s price is up 9.8 (0.47%) from the hour prior.
  • E-Mini Russell 2000 has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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

  • At the time of this writing, RTY’s price is up 23.24 (1.13%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • 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

#RTY_F, 1d

Observations:
1. RTY has been trending between 2100 and 1900 for the last 50 sessions (yellow box)
2. If RTY can move above the 2100 resistance, it might form a potential Bear Trap

2100 is the key level going forward (it has been the key level for the last 12 months) https://t.co/yJMjcv5r4H

yuriymatso