Introduction The Russell 2000 E-mini futures (RTY) are inside a bullish rising channel, despite recent choppy price action. Small-cap stocks have struggled for direction, but the 100-day SMA (2,299.9) trending upward steadily. As of today, RTY is trading at 2,289.2, up +0.17%, hovering near key pivot levels. Bulls are looking for a decisive move higher, Read More…
Introduction The E-mini Russell 2000 Futures (RTY) continues to trade within a well-established bullish channel. The channel is not very strong, but nevertheless, the price is rallying over the long term. Lets take a closer look at the technicals. Technical Analysis Bullish Channel Formation Support and Resistance Levels Indicators Analysis Relative Strength Index (RSI) Bullish Read More…
Introduction The daily chart of the RTY (Russell 2000) futures is currently in an uptrend that is not exactly strong but is an uptrend nonetheless. Let’s break down the chart’s technical analysis and the current market sentiment as we approach the US elections on November 5th. Technical Analysis The Russell 2000 index maintains its position Read More…
Introduction:The Russell 2000 Index (RTY), which tracks small-cap U.S. stocks, has been underperforming relative to the broader equity indices like the Nasdaq 100 (NQ) and S&P 500 (ES), despite a modest year-to-date (YTD) gain of 5%. In comparison, the Nasdaq is up 14.3%, and the S&P 500 is up 16.8% YTD. This underperformance in small-cap Read More…
Introduction The E-Mini Russell 2000 Index Futures, often seen as a bellwether for small-cap stocks in the U.S. market, is currently positioned at a point where it could swing bullish or bullish with volatility. As all markets around the world continue to surge at a time when political and economic unease is high, technical analysis Read More…
Current Trend and Price Action Moving Averages The price is currently hovering near the 200-day moving average (around 2,100). The 50 MA is at the same price and is acting as additional support to the price for now. Support and Resistance Zones Volume Considerations Probable Scenarios Bullish Scenario: Bearish Scenario: If you have any technical Read More…
