RUT Update for week ending 23 August 2019

Week update for week ending 23 August 2019
In Bear territory.

Projected range for upcoming week 1491 - 1430
Price Projection:
HMA: Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bearish
5 RSI: Negative
Consolidation: In Consolidation between 1456 - 1533
Price-Trend: 1.55x ATR

Daily for 23 August 2019
In Bear territory.

Price Projection: 1422 - 1363
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bearish
5 RSI: Negative
Consolidation: In Consolidation between 1456 - 1515
Price-Trend: 1.92x ATR

Spent the week neutral. The Weekly is still holding on to that neutrality within the consolidation range. Current strength is demonstrating a push through the floor toward a pocket of 1422 - 1363. Generally this pocket is formed due to the neutrality and can tighten if strength continues.