RTY E-mini Russell 2000 Index Futures Daily Chart Analysis: 2026-May-04 07:07 CT
Price Action
- Last: 2803.2,
- Bars: Large,
- Mom: fast.
WSFG Weekly
- Short-Term
- WSFG Current: -13%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month May
- Intermediate-Term
- MSFG Current: -1%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 42%
- F0%/NTZ' Bias: Price Above,
- YSFG Trend: Up.
Swing Pivots
- (Short-Term) 1. Pvt. Trend: UTrend,
- (Intermediate-Term) 2. HiLo Trend: UTrend,
- 3. Pvt. Evolve: Pvt High 2832.7,
- 4. Pvt. Next: Pvt Low 2732.7,
- 5. Levels R: 2832.7,
- 6. Levels S: 2728.1, 2409.4, 2336.7, 2201.2, 2142.4.
Daily Benchmarks
- (Short-Term) 5 Day: 2788.4 Up Trend,
- (Short-Term) 10 Day: 2789.0 Up Trend,
- (Intermediate-Term) 20 Day: 2729.6 Up Trend,
- (Intermediate-Term) 55 Day: 2659.9 Up Trend,
- (Long-Term) 100 Day: 2630.9 Up Trend,
- (Long-Term) 200 Day: 2536.8 Up Trend.
Additional Metrics
Recent Trade Signals
- 01 May 2026: Long RTY 06-26 @ 2815.6 Signals.USAR-WSFG
- 30 Apr 2026: Long RTY 06-26 @ 2797.3 Signals.USAR.TR120
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
RTY has completed a strong multi-week recovery from the April low and is pressing back into the upper distribution area near prior highs. The daily structure shows a powerful upside swing with an UTrend pivot state, price holding above the 20, 55, 100, and 200 day benchmarks, and the 20 day line now acting as a broad intermediate support shelf. Weekly and monthly session fib grids remain below their F0% midlines, which reflects that the recent rally is still working through a larger overhead band, but the yearly structure remains constructive and favors the broader up cycle. The chart is showing a sharp V-shaped rebound, a test of the upper pivot zone, and a nearby resistance band around 2832.7, while support is layered beneath at 2728.1 and then lower historical pivot levels. Momentum is fast and bar size is large, matching the expansion phase of the move.
Chart Analysis ATS AI Generated: 2026-05-04 07:07 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.