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youngbosnia

$RTY1 $IWM Big downtrend break - potential breakout underway

Long
E-Mini Russell 2000 Index Futures (CME_MINI:RTY1!)  
youngbosnia  
CME_MINI:RTY1!   E-Mini Russell 2000 Index Futures
Trend Analysis Support and Resistance Trend Lines
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trendanalysis supportandresistance trendline
RTY IWM looks primed for a breakout. it's been lagging the other indices and with rates going lower, a lot of growth names could see some headwinds here. Market likes to get ahead of itself. From a technical perspective, it broke the downtrend from prior ATH before but failed and now it's trying again. Could be a good move out of it
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