Russell 2000 (RTY) Fares the Worst Out of equity indices, Down 0.18%; But Still in an Uptrend Over Past 14 Days

The Hourly View for RTY

Last Updated May 31, 2021, 02:019 GMT

Currently, E-Mini Russell 2000’s price is down 0 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 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 20 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 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 entered today at 2268.97217, down 0.18% ($4.1) from yesterday. On a relative basis, Russell 2000 was the worst performer out of all 14 of the assets in the equity indices asset class today. The daily price chart of Russell 2000 below illustrates.

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. For additional context, note that price has gone up 6 out of the past 10 days.