Russell 2000 (RTY) Fares the Worst Out of equity indices, Down 0.88%; But Still in an Uptrend Over Past 90 Days

The Hourly View for RTY

Last Updated February 25, 2021, 00:020 GMT

At the time of this writing, E-Mini Russell 2000’s price is down -0.01 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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

Russell 2000 came into today down 0.88% (19.76) from the open of yesterday, marking the 2nd consecutive day it has gone down. On a relative basis, Russell 2000 was the worst performer out of all 14 of the assets in the equity indices asset class today. Here is a daily price chart of Russell 2000.

RTY

Russell 2000 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!