Russell 2000 (RTY) Breaks Below 20 Day Average, But Still in an Uptrend Over Past 90 Days; Bearish Engulfing Pattern Present

2 mins read

The Hourly View for RTY Last Updated February 26, 2021, 06:019 GMT Currently, E-Mini Russell 2000’s price is down -0.01 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on RTY; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed…

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