| 2019-07-19 15:28:33|
IWM, RUT 15:28 07/19 07/19/19
On The Fly: Weekly technical notes for Russell 2000
For the week, trading in the Russell 2000 (RUT) continued to be range-bound, but also lower. At the last price of 1554.15 at time of writing, support for the coming week is at 1550-1525. Resistance is in the range of 1560-1580. The top of the range at 1600 remains a distant objective. Energy was by far the weakest group on the downside, followed by the Financials. On the upside the best groups were Consumer Staples, Technology, and Consumer Discretionary.