Russell 2000 (RTY) Up 0.18%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for RTY

Last Updated February 15, 2021, 23:20 GMT

At the time of this writing, E-Mini Russell 2000’s price is down 0 (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as E-Mini Russell 2000 has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 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 closed the previous day up 0.18% (4.04); this denotes the 2nd consecutive day an increase has occurred. Relative to other instruments in the equity indices asset class, Russell 2000 ranked 9th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Russell 2000.

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 9 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!