The Hourly View for RTY
Last Updated January 1, 2021, 03:020 GMT
At the time of this writing, E-Mini Russell 2000’s price is down 0 (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend 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.
Russell 2000 Daily Price Recap
The back and forth price flow continues for Russell 2000, which started today off at 1974.85535 US dollars, down 0.26% (5.14) from the day prior. Out of the 14 instruments in the equity indices asset class, Russell 2000 ended up ranking 7th for the day in terms of price change relative to the day prior. Here is a daily price chart of Russell 2000.
Russell 2000 Technical Analysis
Volatility for Russell 2000 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Russell 2000’s price has gone up 18 them.