RTY in a Box
This is RTY at the 4 hour view. I just said screw it with the channels for now until RTY makes up its mind.
For now, RTY is stuck in a volatility box. The dotted lines are tier I support/resistance. The dashed lines are tier II support/resistance.
You can swing trade while the price goes back and forth. At URTY/SRTY, that's still a 3-7% profit per day.
The fate of RTY really rests on the decision that XLF/FAS and XTN/IYT make. Financials and transportation make a bull market. Why? Because every business needs a bank account and ways to ship/receive products. Even tech needs its semiconductors and a bank for venture capital.
For now, RTY is stuck in a volatility box. The dotted lines are tier I support/resistance. The dashed lines are tier II support/resistance.
You can swing trade while the price goes back and forth. At URTY/SRTY, that's still a 3-7% profit per day.
The fate of RTY really rests on the decision that XLF/FAS and XTN/IYT make. Financials and transportation make a bull market. Why? Because every business needs a bank account and ways to ship/receive products. Even tech needs its semiconductors and a bank for venture capital.
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