Introduction We looked at the break out in RTY two weeks back, and now, the daily chart is forming a pennant chart pattern. The penant formation is a high probability chart pattern that can lead to a big swift move initially which is why we think we could see RTY break its ATH next week or the Read More…
RTY Chart Overview In this analysis, we’ll take a closer look at the daily chart of the E-Mini Russell 2000 Index Futures, focusing on the potential head and shoulders pattern, support zone, and key technical indicators. Head and Shoulders Pattern The chart highlights a possible head and shoulders pattern, which could lead to a bearish Read More…
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…
In the global markets, a cautious stance prevails as investors await the release of the U.S. consumer price inflation data for March. This anticipation follows a strong U.S. jobs report last Friday that exceeded expectations, fueling speculation about the Federal Reserve’s interest rate plans. Based on the inflation numbers, today’s news could send RTY higher. 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…
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…
