Russell's Temporary Breakout 10/4/2020 E-MINI RUSSELL 2000 INDEX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:RTY1! Itsallsotiresome RTY at the daily view. The RTY finally broke out of its short-term resistance (blue line). However, it's still in a giant sideways to slight downward channel . Furthermore, RTY has been in a general box between 1400 to 1600 for years. The reason for its sub-1400 days was due to unusual bear market events. The reason why it was above the 1600s before is because TSLA was once part of the Russell 1000 - now part of the NASDAQ. Russell is actually one of my favorite indices to trade because of its predictability. Now, we are see tech going down and small caps going up. That kind of reeks of institutional movements - much like what happened in July. Not much to say. Russell is literally one of the few indices or sectors that I short when it reaches around 1600 - might be a little lower this time. I plan to long when it reaches the mid-1400s. It's been in predictable trading box which is why I really like it.