On The Fly: Weekly technical notes for Russell 2000

The Russell 2000 (RUT) at time of writing was set to end close to the high of the wide range in place since the end of April of this year. The 1350 level is an important one, with a boost above that level being a technical positive. For the coming week the range is 1350-1400 on the upside, with support in the range of 1340-1300. The best performing sectors were Consumer Cyclicals, Basic Materials, Energy, Industrials, Financials, and Health Care. Consumer Staples and Utilities were the least advanced in an all-green sector view.