RTY has refused to break out of its almost two year consolidation even as the bigger indices continue to make new highs. RTY has seriously lagged, is it time for it to catch up and finally break out of the consolidation zone or are we headed right back down? Weekly Chart Bulls need to see Read More…
Russell has been severely lagging the big indices with 1 year performance at 7%, while NQ has posted a 47% increase in the same period. Is it finally time for the small caps to catch up? Weekly Key Levels to Watch on the Weekly: Daily Key Levels to Watch on the Daily: Potential Trades: Always Read More…
Weekly Chart Starting with the weekly chart, the E-Mini Russell 2000 Index Futures are oscillating within a defined trading range between approximately $1964.5 and $2000, with the ATH at $2463.7. The index is currently testing the upper boundary of this range. A convincing breakout above the range could signal a strong bullish sentiment, potentially targeting Read More…
Introduction The E-Mini Russell 2000 Index Futures are approaching an all-time high (ATH). The technical analysis of both weekly and daily charts are catching up to the bigger indices that have already broken their previous highs. Weekly Chart Analysis On the weekly chart, we see that the RTY futures are within a symmetrical triangle pattern, Read More…
The last time we looked at RTY was almost a month ago as the price just broke below a support trend line. Now, the market for small caps has lagged behind the large cap stocks. Let’s do some technical analysis and see if we expect this gap to close or grow wider. Support and Resistance Read More…
The Russell 2000 futures (RTY) have diverged strongly from major indices in 2023, with RTY down over 10% year-to-date while benchmarks like the S&P 500 post gains. RTY formed a symmetrical triangle consolidation pattern during most of 2022 that confined prices in a tight range. However, two weeks ago RTY broke decisively to the downside Read More…
