Russell 2000 (RTY) Up $40.18 in Last 4 Hours, Entered Today Down 0.7%; Price Base in Formation Over Past 30 Days

Russell 2000 4 Hour Price Update

Updated September 14, 2020 11:16 PM GMT (07:16 PM EST)

The choppiness in the recent four-hour candle price action of Russell 2000 continues; to start the current 4 hour candle, it came in at a price of 1537.4512 US dollars, up 2.68% (40.18) since the previous 4 hours. Russell 2000 outperformed all 14 assets in the equity indices asset class since the previous 4 hours. Congrats to its holders!

Russell 2000 Daily Price Recap

Russell 2000 is down 0.7% (10.48) since yesterday, marking the 2nd consecutive day a decrease has occurred. Relative to other instruments in the equity indices asset class, Russell 2000 ranked 12th since yesterday in terms of percentage price change. The daily price chart of Russell 2000 below illustrates.

RTY

Russell 2000 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days Russell 2000’s price has gone up 7 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to $RTY for the past day were:

  • From mr_c23h:

    If $RTY can not find a bid above the 50 MA, i am looking ofr a 1460 test, possibly the 200. If it finds a bid above the 50, i think we get to 1540-50 rather quickly catching shorts in a bad spot below the 21 ma. My main areas to monitor this week.