russell 2000 RTY futures OneUp Trader FUnded Trader Program
Technical Analysis

Russell 2000 Technical Analysis – March 20, 2025


Technical Overview

  • Trend & Moving Averages:
    • The price is below both the 50-day (2,209.2) and 100-day (2,271.8) SMAs.
    • The previous channel support has now turned into resistance that will need to be cleared.
  • Support & Resistance Levels:
    • Support:
      • 2,084 (S1 Pivot) – Holding as minor support during this bounce.
      • 2,003 (S2 Pivot) – A key psychological level if selling resumes.
      • 1,878 (S3 Pivot) – A major downside target if lower support fails.
    • Resistance:
      • 2,210 (Pivot Level) – Immediate resistance and a key level to watch for a breakout.
      • 2,291 (R1 Pivot) – A stronger barrier aligning with the lower boundary of the previous uptrend.
      • 2,417 – 2,498 (R2-R3 Pivot Levels) – Potential longer-term recovery targets.

Outlook & Trade Considerations

  • Bearish Case:
    • A rejection at 2,210 or failure to hold above 2,084 could lead to a retest of 2,003, with further downside possible.
    • Momentum remains weak, and if broader risk sentiment deteriorates, the Russell 2000 could see another leg lower.
  • Bullish Case:
    • A move above 2,210 could trigger further upside toward 2,291, but a confirmed trend shift would require reclaiming the 2,271-2,291 zone.
    • The recent bounce is constructive, but the index remains in a downtrend until key levels are reclaimed.

Outlook: The Russell 2000 futures show short-term relief but remain in a bearish structure. A move above 2,210 is necessary for further upside, while 2,084 and 2,003 are critical support levels to watch.