Russell 2000 (RTY) Up 1.72%, in a Downtrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
This is a reversal of the price action on the previous hour, in which price moved up.
Below is CFDTrading archive of daily coverage for the 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 doji candlestick pattern on e-mini russell 2000.
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Out of the 14 instruments in the equity indices asset class, russell 2000 ended up ranking 12th for the day in terms of price change relative to the previous day.
Out of the 14 instruments in the equity indices asset class, russell 2000 ended up ranking 12th for the day in terms of price change relative to the previous day.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Price action traders may also wish to note that we see a pin bar candlestick pattern on e-mini russell 2000.
Those trading within the equity indices asset class should know that russell 2000 was the worst performer in the class today.
This is a reversal of the price action on the previous hour, in which price moved up.
This move is a reversal from the hour prior, which saw price move up.