2019-08-23 15:22:02 | On The Fly: Weekly technical notes for Russell 2000The Russell 2000 (RUT) at time of writing has taken out its June lows and is close to taking out its August lows as well. For the coming week, holding above the 1450 area is important as a support. A break below 1450 would suggest a test down to 1400 would be next and that would remove a large swath of technical support. On the upside, the 1480-1490 area becomes next resistance to watch. The index is in the weakest technical position of any of the major averages. |
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