Russell 2000 (RTY) Down $11.2 On 4 Hour Chart, Entered Today Up 0.92%; in an Uptrend Over Past 90 Days

Russell 2000 4 Hour Price Update

Updated September 17, 2020 07:16 PM GMT (03:16 PM EST)

Russell 2000 entered the current 4 hour candle at 1541.1303, down 0.72% ($11.2) from the last 4 hour candle. Those trading within the equity indices asset class should know that Russell 2000 was the worst performer in the class the current 4 hour candle.

Russell 2000 Daily Price Recap

Russell 2000 is up 0.92% (14.17) since the previous day, marking the 3rd day in a row it has gone up. Relative to other instruments in the equity indices asset class, Russell 2000 ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Russell 2000 below illustrates.

RTY

Russell 2000 Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Russell 2000 crossed above its 20 day moving average yesterday. 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. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 30 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard on Twitter

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

  • From iTradePasts:

    This drill is related to JP claiming that inflation is not a problem…US Dollar “worth” more means price of stocks lower.What the sentient folks out there know is that the dollar has been inflated to smithereens and JP is lying.*whispers in $ES $NQ $RTY*
    “Good time to buy”

  • From tdarling1:

    US equities opened near the highs of the day, and closed near the lows – a persistent pattern. $SPX 3401 +0.5%
    $COMPQ 11190 +1.2%
    $RTY 1537 -0.03%Futures? Wait for it… higher.
    $ES_F 34009 +0.4%
    $NQ_F 11521 +0.6%
    $RTY_F 1543 +0.5%

  • From mr_c23h:

    $RTY staying below 1550 is negative. If the market cant find a bid to get it over 1550, a rotation back down to 1460 is highest odds. again, FOMC tomorrow, anything “can” happen.