Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1574.78 - 1631.71
No Conolidation Exists at this time
Out of the combined (weekly & daily) indicators monitored, 8.33% are bearish, 91.67% are bullish and 0.00% are neutral
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull
The strength demonstrated over the last 5 weeks is currently: Bullish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1591.66 - 1608.68
Price Consolidation has formed between: 1587.02 - 1607.41
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1586.55
The prices have moved 2.35 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
The RUT appears at this point to have exhausted most upward strength.
The price projection from the week of 14 October had a target of 1597.38 which was filled this week.
There are not true gaps, yet anticipate that the RUT will create a consolidation range (S/R) while the other major indexes move to fill their gaps.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1574.78 - 1631.71
No Conolidation Exists at this time
Out of the combined (weekly & daily) indicators monitored, 8.33% are bearish, 91.67% are bullish and 0.00% are neutral
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull
The strength demonstrated over the last 5 weeks is currently: Bullish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1591.66 - 1608.68
Price Consolidation has formed between: 1587.02 - 1607.41
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1586.55
The prices have moved 2.35 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
The RUT appears at this point to have exhausted most upward strength.
The price projection from the week of 14 October had a target of 1597.38 which was filled this week.
There are not true gaps, yet anticipate that the RUT will create a consolidation range (S/R) while the other major indexes move to fill their gaps.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.