RTY at a Crossroads 7/21/2020
This is RTY at the 4 hour view.
RTY is at a crossroads. It has a gap below that calling and pulling it down to fill it. At the same time, institutions are selling tech stocks and allocating that money to financials, transportation, and energy.
My plan is to wait for RTY to fill the gap or pullback first. The next upside target for RTY is 1500+. I don't want to end up chasing the RTY.
RTY is at a crossroads. It has a gap below that calling and pulling it down to fill it. At the same time, institutions are selling tech stocks and allocating that money to financials, transportation, and energy.
My plan is to wait for RTY to fill the gap or pullback first. The next upside target for RTY is 1500+. I don't want to end up chasing the RTY.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.