ES (S&P 500 Futures) is currently trading near its all-time highs (ATH at 6,166.50), with strong weekly candles and bullish momentum.
RTY (Russell 2000 Futures), however, is still trading ~17% below its ATH of 2,477.10, with price currently near 2,062.
6-month performance comparison
ES:-2.76% (recovering rapidly)
RTY:-15.20% (still in drawdown)
The YTD performance remains negative for both, but RTY is worse:
ES:-0.37%
RTY:-8.66%
Weekly Chart of RTY: Structure and Trend
Bullish Observations:
RTY posted a sharp rally off the April lows near 1,800.
Recent candles show stabilization, but momentum is waning as price struggles near the 2,060–2,100 area.
Caution:
No clear breakout above weekly resistance (~2,100–2,120).
Weekly trend is still lower highs, lower lows, unless RTY closes decisively above 2,200.
Compared to ES, which is in breakout formation, RTY remains a sideways laggard.
Daily Chart of RTY
Moving Averages
50-day MA (orange): 2,000.6 → acting as short-term support
200-day MA (green): 2,187.5 → strong resistance ceiling
Price is now trapped between the two MAs.
RSI (14)
RSI at 52.62, still in neutral territory.
Momentum is fading, with RSI pulling back from recent peaks near 65.
Divergence developing: price remains range-bound while momentum weakens.
Structure
Range-bound behavior between 2,040 and 2,100
No aggressive bullish follow-through since the rally off April lows
Compression forming with lower highs on daily, suggesting a potential decision point soon
Metric
ES (S&P 500 Futures)
RTY (Russell 2000 Futures)
Trend (Weekly)
Strong uptrend
Sideways, potential reversal
Proximity to ATH
~4% below ATH
~17% below ATH
Daily Trend
Bullish continuation
Range/consolidation
RSI Momentum (Daily)
Above 60 (bullish)
~52 (neutral)
50/200 MA Status
Above both
Between both
Key Levels for RTY
Support Levels
Resistance Levels
2,000.00 (50-day MA)
2,100.00 – near-term ceiling
1,950.00 (Range base)
2,187.50 (200-day MA)
1,800.00 (April low)
2,250.00+ = breakout confirmation
Ending Off
RTY remains the weakest link among U.S. equity indexes. While the S&P 500 is setting up for a potential ATH breakout, RTY is stalled in a neutral range. For RTY to catch up:
A decisive close above 2,200–2,220 is needed to shift the narrative to bullish rotation.
Otherwise, continued underperformance is likely as large-caps (ES) dominate flows.
Introduction This is a follow-up to the 22 July analysis, where the rejection at 29,300 kept the breakdown intact, with 28,000 flagged as the nearer downside target and the 200-day MA further below that. That scenario has played out — NQ broke below the 17 July low, trading down to 28,200. Today’s session (Monday 27 Read More…
Introduction The S&P 500 E-mini Futures (ES) have bounced off the 50-day moving average since our previous analysis, with power forming a dragonfly doji. This candlestick pattern has a long lower shadow with the open, high, and close all near the top. This candle normally represents a bullish reversal, and if we pair it with Read More…
Introduction Gold futures (GC) have been consolidating near all-time highs, with price action stalling after eight consecutive bullish weekly candles. The market showed momentum only last Tuesday, while the rest of the week saw sideways movement. Despite this consolidation, the weekly close remained bullish, keeping the long-term uptrend intact. As of now, gold is trading Read More…
