Russell 2000 Daily Analysis — 2026-09-23
Session: ClosingLatest
- Close
- 2,838.66
- Change
- -1.28%
- 1W Change
- -1.10%
- 20D Change
- -5.22%
- EMA20
- 2,913.91
- EMA50
- 2,939.70
- EMA200
- 2,794.35
- RSI (14)
- 33.7
- ATR (14)
- 33.36
- Volatility (20D)
- 12.03%
- Distance from 20D High
- -5.99%
- Advancers
- 5
- Decliners
- 6
- Volume
- 0
- VIX
- 15.18
- US10Y
- 5.11%
- DXY
- 101.13
Sector Leaders
Session: Premarket
- Close
- 2,856.28
- Change
- -0.66%
- 1W Change
- -0.49%
- 20D Change
- -4.63%
- EMA20
- 2,915.59
- EMA50
- 2,940.39
- EMA200
- 2,794.52
- RSI (14)
- 35.9
- ATR (14)
- 32.69
- Volatility (20D)
- 11.53%
- Distance from 20D High
- -5.40%
- Advancers
- 5
- Decliners
- 6
- Volume
- 0
- VIX
- 14.71
- US10Y
- 5.08%
- DXY
- 101.08
Sector Leaders
Session: Midday
- Close
- 2,848.46
- Change
- -0.94%
- 1W Change
- -0.76%
- 20D Change
- -4.90%
- EMA20
- 2,914.85
- EMA50
- 2,940.08
- EMA200
- 2,794.44
- RSI (14)
- 34.9
- ATR (14)
- 32.69
- Volatility (20D)
- 11.71%
- Distance from 20D High
- -5.66%
- Advancers
- 3
- Decliners
- 8
- Volume
- 0
- VIX
- 14.93
- US10Y
- 5.10%
- DXY
- 101.12
Sector Leaders
Russell 2000 is trading lower with weak breadth and negative momentum, sitting below key short-term moving averages but still above the long-term trend line.
Market Drivers
The decline is broad-based, with more decliners than advancers and notable weakness in consumer discretionary names, while defensive sectors like materials and staples show relative strength.
Trend Interpretation
The index is below its short- and medium-term moving averages, indicating a short-term downtrend, but remains above the long-term average, suggesting the longer-term uptrend is still intact.
Risk Factors
Elevated Treasury yields and a firm dollar are pressuring small caps, and weak market breadth could accelerate selling if support levels fail.
Bullish
A bullish scenario would involve the index reclaiming its short-term moving averages and improving breadth, with defensive sectors continuing to lead and volatility remaining contained.
Neutral
A neutral scenario would see the index stabilizing around current levels, with mixed sector performance and no clear directional bias as investors await catalysts.
Risk
A risk scenario would involve a break below the long-term moving average, accompanied by widening breadth deterioration and rising volatility, potentially leading to a deeper correction.