E-Mini Russell 2000 Enters Today Up 1.95%

News Releases Impacting E-Mini Russell 2000

  • Forecasted GDP Growth Rate QoQ 2nd Est in United States: -1.3-.. The actual number: -1.5-.. (13.33% difference between the two.)

The Hourly View for E-Mini Russell 2000

  • At the moment, RTY’s price is up 7.95 (0.43%) from the hour prior.
  • This is the 2nd hour in a row E-Mini Russell 2000 has seen its price head up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning above 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 time of this writing, RTY’s price is up 34.34 (1.95%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • 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 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

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