News Releases Impacting E-Mini Russell 2000
- Forecasted Michigan Consumer Sentiment Prel in United States: 64. The actual number: 59.1. (8.29% difference between the two.)
The Hourly View for E-Mini Russell 2000
- Currently, RTY’s price is up 6.38 (0.36%) from the hour prior.
- The hourly chart shows that E-Mini Russell 2000 has seen 2 straight up hours.
- 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 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.
E-Mini Russell 2000’s hourly price chart is shown below.
The Daily View for E-Mini Russell 2000
- At the time of this writing, RTY’s price is up 21.24 (1.24%) 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 20 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.
Featured E-Mini Russell 2000 Commentary From Twitter
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I believe RTY stocks are a better reflection of the US economy because RTY stocks have fewer “algo games” and RTY’s tend to have a higher % of their revenues/workforce in the US
Is the big round-trip in RTY back to its pre-pandemic peak accurately reflecting the US economy?NA
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