FadeMeIfYouCan

Trading scenarios for $RUT for 01-05 March 2021

OANDA:US2000USD   US Russ 2000
Trend:
Daily/Weekly/Monthly: Down/Mixed/Mixed

#RUT continues to be strongest of the 3 US indices, but Friday was disappointing.

3 possible scenarios:
1) Break of 2163, target 2097 and further 2044
2) As long as 2163 holds, look for longs, targeting 2289, which is a strong R. If we break this R, look for ATH at 2375.
3) 2163 holds and we target 2289. Rejection off 2289, for a move back to 2196.

IMO, scenario 3 is most likely.

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