On The Fly: Weekly technical notes for Russell 2000

The Russell 2000 (RUT) at time of writing is set to end the week at a fresh life high, with price at 1590.62 at time of writing. The 1600 area becomes the upside target into next week's holiday-shortened session. Support is now at the 1580-1575 area, which had previously been resistance. Sectors for the week that outperformed were Health Care, Financials, Technology, Basic Materials, Consumer Staples, and Consumer Discretionary, in descending order of gains. The Utilities and the Industrials were the under-performers.