On The Fly: Weekly technical notes for Russell 2000

At time of writing the Russell 2000 (RUT) was off its best levels of the day and week but set to end higher. With last price at 1685.43, the big resistance band will be in the range of 1700-1725, with the 52-week high at 1715.08. Support is in the range of 1680-1660. Unlike the S&P 500 (SPX), earnings will continue to dominate index action through end of month. The best performing sectors were Communications, Technology, Consumer Discretionary, Consumer Staples, Utilities, and Health Care. Finishing down on the week were Energy and Basic Materials.