Home Markets Indexes and ETFs Chart of the Day: Make or Break Time for the Russell?

Chart of the Day: Make or Break Time for the Russell?

By

-

July 10, 2024

537

The Russell 2000 has gone nowhere since December, but some traders may think the small cap index is poised for a move.

The main pattern on today’s chart is the pair of converging lines along the lows since April and the highs since May. Will there be a breakout from this triangle?

Second, Bollinger Band Width has …

For more, please click here to view the related idea and chart analysis on TradingView.

Russell 2000, *daily chart, with selected patterns and indicators, courtesy of TradingView*.

Explore the most actively traded options

Trade 600+ futures products on an advanced platform

IMPORTANT INFORMATION:

Market Insights, its pages and content are hosted by TradeStation Group, Inc.

TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.

Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.

Gasoline Futures Go on Sale as China Sputters and Saudis Cut…

Bears Enter September in Retreat After a Dramatic August

Rotation Continues as Nvidia Beats Again: Market Trends This Week

Chart of the Day: Amazon.com May Be Overbought

Gasoline Futures Go on Sale as China Sputters and Saudis Cut…

Chart of the Day: Amazon.com May Be Overbought

Options Alert: Bears Could Be Shopping at Troubled Retailer

Options Alert: Call Volume Spikes as Apparel Stock Attempts a Turnaround

Big Technology Companies Report Earnings Soon

The Bond Market Could Be Looking Past a Hawkish Fed

Do Stocks Face a Wall of Money — Even After Big…

Why Do Stocks Move? Learn 7 Catalysts That Drive Price Action…

Rotation Continues as Nvidia Beats Again: Market Trends This Week

Key Options Knowledge: Time, Volatility and Different Kinds of Value

Measuring Relative Performance Using Multi-Data Charts

Volatility’s Historic Rise and Fall: Market Trends This Week

Chart of the Day: Make or Break Time for the Russell?

LATEST NEWS

Key Options Knowledge: Time, Volatility and Different Kinds of Value

Options Alert: Bears Could Be Shopping at Troubled Retailer

Options Alert: Call Volume Spikes as Apparel Stock Attempts a Turnaround

Big Technology Companies Report Earnings Soon

Bulls in the China Shop? Options Surge Before Big Events

MUST READ

Options Alert: Call Volume Spikes as Apparel Stock Attempts a Turnaround

Tech Stocks Fall Again. Has the ‘Great Rotation’ Begun?

Quadruple Witching Dates for 2024: How Can They Impact Stock and Futures Trading?

Bulls Just Got Another Reason to Like the Chip Sector

Is Real Estate ETF a Stealth Technology Trade?