Russell 2000 (RTY) Tops All equity indices, 3 Day Down Streak Snapped; in an Uptrend Over Past 90 Days

The Hourly View for RTY

Last Updated February 23, 2021, 00:020 GMT

Currently, 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 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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 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 end of a 3 day negative run has come for Russell 2000, which finished the previous day up 2.18% (48.3). On a relative basis, today was pretty good: Russell 2000 bested all 14 of the assets in the equity indices class 🙂 Below is a daily price chart of Russell 2000.

RTY

Russell 2000 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Russell 2000’s price has gone up 10 them.