Russell 2000 (RTY) Up 0.31%; in an Uptrend Over Past 14 Days

The Hourly View for RTY

Last Updated June 7, 2021, 02:019 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 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Russell 2000 Daily Price Recap

The back and forth price flow continues for Russell 2000, which started today off at 2286.412 US dollars, up 0.31% (7.16) from the previous day. Out of the 14 instruments in the equity indices asset class, Russell 2000 ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Russell 2000.

RTY

Russell 2000 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Russell 2000’s price has gone up 17 them.