E-Mini Russell 2000

This is a reversal of the price action on the previous hour, in which price moved up.

Price action traders may also wish to note that we see a pin bar candlestick pattern on e-mini russell 2000.

On a relative basis, russell 2000 was the worst performer out of all 14 of the assets in the equity indices asset class today.

Relative to other instruments in the equity indices asset class, russell 2000 ranked 13th since the previous day in terms of percentage price change.

Russell 2000 outperformed all 14 assets in the equity indices asset class since yesterday.

With that said, traders should also note the downtrend on the 10 and 5 hourly candle timeframe, so the meaning of the candles may require further exploration.

Relative to other instruments in the equity indices asset class, russell 2000 ranked 2nd since yesterday in terms of percentage price change.

Relative to other instruments in the equity indices asset class, russell 2000 ranked 4th since the day prior in terms of percentage price change.

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.

Russell 2000 outperformed all 14 assets in the equity indices asset class since the previous day.