2019-10-11 15:36:46 | On The Fly: Weekly technical notes for Russell 2000The Russell 2000 (RUT) spent much of the week treading water near its lows, but moved sharply higher today on trade war hopes. At the last price of 1521.51, resistance for the coming week is in the range of 1525-1555. Support is at 1500-1475. The index is still underperforming large cap names, but has the potential to come up to the top of its range closer to 1600 over time. The best-performing sectors of the week were Energy, Communications Services, and Industrials. The weakest sectors which finished in the red were Basic Materials and Consumer Discretionary. |
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