Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Out of the 14 instruments in the equity indices asset class, russell 2000 ended up ranking 10th for the day in terms of price change relative to yesterday.
Price action traders may also wish to note that we see a doji candlestick pattern on rty.
Russell 2000 outperformed all 14 assets in the equity indices asset class since the previous day.
This move is a reversal from the hour prior, which saw price move up.
This is a reversal of the price action on the previous hour, in which price moved up.
Given that we see an uptrend on the 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Rates must go higher from years of qe and fiat money.
For additional context, note that price has gone up 10 out of the past 14 days.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.