"A Pure Technical Play" Mean Reversion On The Russell 2000

١٤ ديسمبر ٢٠٢٣

In this idea video I go over a very simple mean reversion technical play using very simple tools such as RSI and support and resistance to identify levels that have high probability of a mean reversion. Here we see a potential trade set up where the Russell 2000 is entering a strong resistance trendline where it has been respected multiple times and based off of the previous information we have we can assume there will be resistance at this level giving the opportunity to place short positions along that zone and place a stop loss above that zone if it does continue to break out higher. Hope you enjoyed and stay tuned for more!!

RTY1! M2K1! IWM