Haven't really looked at RTY under the microscope in a while.
It's not a very tradeable market for me. I like to see really obvious and simple price action where both sides have an understanding of when the other side is going to take the lead.
In the RTY I see a lot of range bound activity. Every buy sign I see is met by a sell sign, and even though I do think the trajectory is up, the rising wedge structure that has recently formed makes me think a selloff could be in the cards.
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Again this is my first look at Russel in a while, a market I don't typically follow closely, so I am not as confident trading what I see. But you do have to start somewhere.
It's not a very tradeable market for me. I like to see really obvious and simple price action where both sides have an understanding of when the other side is going to take the lead.
In the RTY I see a lot of range bound activity. Every buy sign I see is met by a sell sign, and even though I do think the trajectory is up, the rising wedge structure that has recently formed makes me think a selloff could be in the cards.
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Again this is my first look at Russel in a while, a market I don't typically follow closely, so I am not as confident trading what I see. But you do have to start somewhere.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.