CME_MINI:RTY1! E-Mini Russell 2000 Index Futures
RTY - "everyone" (including me) was faked out by the false breakout. Now it's back into the long term (also appears to really have been a large or Wyckoff Distribution pattern). With the breakdown of Crypto over the weekend, RTY is heading to back test some prior levels. This will be healthy in the long run, but painful for those heavily long. Based on the 2 Anchored VWAPs placed on this chart, I see a MINIMUM pullback to the 1950 area on RTY. Further basic analysis may suggest some slightly lower zones as possible. Regardless, the AVWAP zone shown here will be good for AT LEAST a hefty bounce.