The Hourly View for RTY
Last Updated June 2, 2021, 03:020 GMT
Currently, 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on E-Mini Russell 2000. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 choppiness in the recent daily price action of Russell 2000 continues; to start today, it came in at a price of 2294.7417 US dollars, up 1.14% (25.77) since the day prior. Russell 2000 outperformed all 14 assets in the equity indices asset class since the day prior. The daily price chart of Russell 2000 below illustrates.
Russell 2000 Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Russell 2000’s price has gone up 16 them.