Russell 2000 (RTY) 2 Day Up Streak Broken

The Hourly View for RTY

Last Updated June 1, 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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

The back and forth price flow continues for Russell 2000, which started today off at 2268.97217 US dollars, down 0.18% (4.1) from yesterday. Relative to other instruments in the equity indices asset class, Russell 2000 ranked 4th since yesterday in terms of percentage price change. The daily price chart of Russell 2000 below illustrates.

RTY

Russell 2000 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Russell 2000’s price has gone up 8 them.