Russell 2000 (RTY) Up 0.13%; Pin Bar Pattern Appearing on Chart

The Hourly View for RTY

Last Updated April 29, 2021, 03:020 GMT

At the moment, 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 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 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

Russell 2000 is up 0.13% (2.89) since the day prior, marking the 4th consecutive day it has gone up. Out of the 14 instruments in the equity indices asset class, Russell 2000 ended up ranking 9th for the day in terms of price change relative to the day prior. Here is a daily price chart of Russell 2000.


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 18 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.