RTY Breakout

١٦ سبتمبر

RTY has had a couple of down trend breaks in a row now as it builds strength heading into FOMC. Really nice break and retest on both trendlines shown here, great long opportunity this morning. I would expect RTY to rally into FOMC unless it breaks back below the trendline where I may look for shorts on a retest.

To the upside I have two supply zones, final target is around 2280. It may or may not hit before FOMC. What happens after that is not worth betting on IMO, but it may be a good run up into the event.