Russell 2000 (RTY) Fares the Worst Out of equity indices, Down 0.71%; But Still in an Uptrend Over Past 14 Days

The Hourly View for RTY

Last Updated June 10, 2021, 08:020 GMT

At the time of this writing, E-Mini Russell 2000’s price is down -0.01 (0%) from the hour prior. E-Mini Russell 2000 has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend 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

The end of a 3 day positive run has come for Russell 2000, which finished yesterday down 0.71% (16.63). Those trading within the equity indices asset class should know that Russell 2000 was the worst performer in the class today. The daily price chart of Russell 2000 below illustrates.


Russell 2000 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Russell 2000’s price has gone up 7 of the previous 10 trading days.