Russell 2000 (RTY) Down $7.4 Over Past 4 Hours, Started Today Up 0.08%; Pin Bar Pattern Appearing on Chart

Russell 2000 4 Hour Price Update

Updated September 16, 2020 11:16 PM GMT (07:16 PM EST)

The back and forth price flow continues for Russell 2000, which started the current 4 hour candle off at 1552.3301 US dollars, down 0.47% (7.4) from the previous 4 hours. Out of the 14 instruments in the equity indices asset class, Russell 2000 ended up ranking 11th for the four-hour candle in terms of price change relative to the previous 4 hours.

Russell 2000 Daily Price Recap

Russell 2000 came into today up 0.08% (1.18) from the open of yesterday, marking the 2nd day in a row an increase has occurred. Relative to other instruments in the equity indices asset class, Russell 2000 ranked 11th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Russell 2000.


Russell 2000 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Russell 2000’s price has gone up 7 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

Over on Twitter, here were the top tweets about $RTY:

  • From tdarling1:

    US equities opened near the highs of the day, and closed near the lows – a persistent pattern. $SPX 3401 +0.5%
    $COMPQ 11190 +1.2%
    $RTY 1537 -0.03%Futures? Wait for it… higher.
    $ES_F 34009 +0.4%
    $NQ_F 11521 +0.6%
    $RTY_F 1543 +0.5%

  • From mr_c23h:

    $RTY staying below 1550 is negative. If the market cant find a bid to get it over 1550, a rotation back down to 1460 is highest odds. again, FOMC tomorrow, anything “can” happen.

  • From macrodesiac_:

    I quite like the Russell here1553 bid for a run to 1570 perhaps? $RTY