News Releases Impacting E-Mini Russell 2000

• Forecasted Non Farm Payrolls in United States: 391. The actual number: 428. (8.64% difference between the two.)

The Hourly View for E-Mini Russell 2000

• At the moment, RTY’s price is up 27.46 (1.5%) from the hour prior.
• This is a reversal of the price action on the previous hour, in which price moved down.
• As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
• The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

E-Mini Russell 2000’s hourly price chart is shown below.

The Daily View for E-Mini Russell 2000

• Currently, RTY’s price is down -78.78 (-4.04%) from the day prior.
• This is a reversal of the price action on the previous day, in which price moved up.
• Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
• The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
• Divergence between RTY’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in RTY’s price.

Below is a daily price chart of E-Mini Russell 2000.

Latest News Discussing RTY

• The ‘Cinco De Mayo Crash’ Of 2022 – Reasons To Look Up – BOOX Research
  May 6, 2022

  Stocks faced a deep selloff coming to terms with the fallout from the May FOMC and macro headwinds. We see room to take a bullish position.

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