Russell 2000 Index Technical Analysis – 05 September 2022
05 Sep 2022
Russell 2000 Index Technical Analysis: Weekly Chart
In the weekly charts, the Russell 2000 index is trading in a down channel. Russell2000 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 1760.00 & the resistance level is at 1900.00
Russell2000 will trade in a down channel until there is a trend reversal.
Russell 2000 Index Technical Analysis: Daily Chart
In the daily charts, the Russell 2000 Index is trading in a down channel. Russell2000 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 1795.00 & the resistance level is at 1835.00
Russell2000 will trade in a down channel until there is a trend reversal.
How to Trade Russell 2000 INDEX this Week:
Russell 2000 will follow the downtrend until its trend reversal. So, remain bearish on Russell 2000