Following the expected pullback off the initial tag of the 1565 target/resistance earlier today, /RTY (small cap futures) resumed the breakout-induced rally & has now hit the 1573 resistance level where another reaction is likely before a resumption of the uptrend. Reversing from long to short for another quick pullback trade here once again. Previous & updated 60-minute charts (note, the 1573 resistance/target was added since the last chart was posted).
- RTY 60-min July 24th
- RTY 60-min 2 July 24th
- RTY 60-min 3 July 24th
I’ve also added a comparable resistance level around 156 on the updated (2nd) IWM 60-minute chart below:
- IWM 60-min July 24th
- IWM 60-min 2 July 24th