| 2020-08-07 15:58:21|
IWM, RUT 15:58 08/07 08/07/20
On The Fly: Weekly technical notes for Russell 2000
The Russell 2000 (RUT) at time of writing was set to end the week on a high note after breaking out of a persistent resistance level at 1500. At the last price of 1560, resistance for the coming week is likely to be in the range of 1570-1600. Support will likely be in the range of 1550-1525. The best sectors for the week were Energy, Technology, Basic Materials, Industrials, Consumer Discretionary, Consumer Staples, and Health Care. Only the Utilities finished on the downside for the week.