Russell 2000 (RTY) Down 0.68%

The Hourly View for RTY

Last Updated October 22, 2020, 00:06 GMT

At the time of this writing, RTY’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 20 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 choppiness in the recent daily price action of Russell 2000 continues; to start today, it came in at a price of 1606.62659 US dollars, down 0.68% (11.08) since the day prior. Relative to other instruments in the equity indices asset class, Russell 2000 ranked 9th since the day prior in terms of percentage price change. Below is a daily price chart of Russell 2000.

RTY

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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Russell 2000’s price has gone up 8 them.

Overheard on Twitter

Behold! Here are the top tweets related to $RTY:

  • From tdarling1:

    The $SPX closed +0.5% but off the highs into the close. Likewise, the $COMPQ +0.3 – also off the highs, another 2:00PM sell off. $RUT +0.3%.Futures lower
    $ES 3424 -0.2%
    $NQ 11611 -0.4%
    $RTY 1611 -0.2%

  • From stonksguy:

    @jedimarkus77 @RampCapitalLLC I could see myself snagging a stimulus $RTY just for kicks!

  • From HakCapital:

    $NQ now leading $RTYTime to see mega tech make runs here