Russell 2000 (RTY) Underperforms All equity indices, Down 1.67%; But Still in an Uptrend Over Past 90 Days

The Hourly View for RTY

Last Updated February 19, 2021, 23:19 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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

Russell 2000 came into today down 1.67% (37.72) from the open of the day prior, marking the 3rd consecutive day a decrease has occurred. 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

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days.