RUT (Russell 2000 ETF) - Resistance, Support, Trend - 09/05/21RUT has been consolidating between $2123.55 and $2348.03, for this year 2021.
Bullish scenario:
-RUT price breaks up above resistances to new all-time-highs.
-Resistance levels: $2348.03, $2392.66.
Bearish scenario:
-RUT price pulls back down to test supports below (horizontal and trendline supports).
-Support levels: $2240, $2123.55, $2060.54.
Note: On the Weekly chart, RUT price has always been consolidating sideways for 2021.