. Russell 2000 Index News & Technical Analysis Forecast-

RUSSELL 2000 INDEX NEWS & TECHNICAL ANALYSIS FORECAST – 13 APRIL 2023

RUSSELL 2000 INDEX NEWS & TECHNICAL ANALYSIS FORECAST – 13 APRIL 2023

13 Apr 2023

Russell 2000 Index Technical Analysis: Weekly Chart

In the weekly charts, Russell 2000 was trading in a down channel. Russell 2000 is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1800.00 the resistance level is at 1860.00

Russell 2000 was traded in a down channel before there is an upside breakout.

Russell 2000 Index Technical Analysis: Daily Chart

In the daily charts, Russell 2000 was trading in a down channel. Russell 2000 is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1800.00 the resistance level is at 1900.00

Russell 2000 was traded in a down channel before there is a breakout upside.   

How to Trade Russell 2000 Index this Week:

Russell 2000 will follow the downtrend until its trend reversal. So, remain bearish on Russell 2000.

TRADE SUGGESTION- SELL AT 1818.90, TAKE PROFIT AT 1900.00 AND STOP LOSS AT 1750.00