The Hourly View for RTY
Last Updated June 7, 2021, 17:19 GMT
At the moment, E-Mini Russell 2000’s price is up 5.35 (0.23%) from the hour prior. E-Mini Russell 2000 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. 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 entered today at 2286.412, up 0.31% ($7.16) from the previous day. Out of the 14 instruments in the equity indices asset class, Russell 2000 ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Russell 2000.
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 another vantage point, consider that Russell 2000’s price has gone up 17 of the previous 30 trading days.