Russell 2000 Index Futures Evaluation for At the moment

Russell 2000 Index Futures: Commerce Compass – January 17, 2025

Present Value: 2290

The TradeCompass simplifies decision-making by mapping out key bullish and bearish thresholds for the Russell 2000 Index Futures. At the moment’s evaluation highlights the index breaking above the worth space excessive of the final three periods, suggesting bullish momentum so long as value sustains above 2292.5. Conversely, a transfer beneath 2281.three might sign a bearish shift.

Commerce Compass Overview

• Bullish above: 2293
  • This stage additionally surpasses the primary higher normal deviation of the VWAP from January 15.
• Bearish beneath: 2281.three

Bullish Targets

1. 2300: A psychological spherical quantity and an preliminary profit-taking goal.
2. 2304.2: Slightly below the second higher normal deviation of January 15, a big rally day.
3. 2310.5: Near the worth space excessive from January 6, marking one other robust resistance stage.

Bearish Targets

1. 2275: A key short-term assist stage.
2. 2272: Simply above the worth space low from January 15.
3. 2263.9: Close to the lows of January 15 and 16, aligning with a big level of management from January 7.

Abstract and Suggestions

Russell 2000 is leaning bullish after breaking above key ranges, with targets at 2300, 2304.2, and 2310.5. On the draw back, a break beneath 2281.three opens the trail to bearish targets at 2275, 2272, and 2263.9. As at all times, think about partial or full profit-taking at these ranges based mostly in your threat administration technique.

Disclaimer: Commerce at your individual threat, and go to ubaidahsan.com for added insights. Go to ForexLive.com for added views.

This text was written by Itai Levitan at www.ubaidahsan.com.



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