Wednesday's Market Minute: Lines In The Sand For Russell 2000 Futures

Equities continue to experience a volatile summer trading season as Russell 2000 futures continue to trend lower. The news isn’t all bad for the small-cap index; the /RTY contract is up about 6% off its yearly lows on Jun. 16 and has retaken the 1,700 level, while the Moving Average Convergence-Divergence (MACD) indicator shows bullish momentum improving as it recently made an upside crossover. However, it’s nowhere near making new highs or entering an uptrend. One school of thought in technical trading is to look for important support and resistance zones, and then look for “breakouts”, which are price moves through ... Full story available on