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IWM

Russel 2000 Bear Market?It seems by all indications that we are heading into a bear market. With raising interest rates, tapering, and shrinking of balance sheets, we will see the Russel take at least a 20% tumble from the current price. The 100MA puts the Russel 2000 at around 1400, and further down on 200MA. A couple of key points: Only 40% of Russel 2000 are above 50-Day MA. Only 45% of Russel 2000 are above 50-Day MA. MACD is crossed and looks bearish. Fed slowing down its QE. I was a bit curious why the Russel 2000 took a dip in 2018-2019 with the economy doing so well then. The one thing that I could overlay to make some sense to it was the Federal Funds Rate went up to 2.42% Even mainstream investors like Jon Najarian has taken short positions in the IWM for February. The economics speak it, the Fed speaks it, the indicators speak it, and now even mainstream economists are accepting there is some market shaking coming.
AMEX:IWMShort
by WorldEconomics
9
Stocks can go higher, but how much higher?I will start by sharing a Twitter poll, which shows the sentiment we are seeing now. Most think we are going lower. Therefore, the market could go higher in the short term. twitter.com I believe our target is the critical breakdown level that was never retested on the chart above. The maximum upside is the R3 Monthly Pivot + Yearly Pivot, which will most likely reject the price. Recession or no recession, the market has room to the upside for reasons different from what most people think. Won't get into these things here, as I want to keep this idea simply about the key targets I have for stocks. For Nasdaq, it is hard to tell how high we will go as there is more than one target. For the S&P500 and the Russell below, the targets are very clear. However, for QQQ - NDX - NQ, more than one gap must be filled. Based on the above, I expect the market to top about 6% higher from here, and potentially as much as 10% for the Nasdaq 100.
AMEX:SPYLong
by BitcoinMacro
Russel2000 Bear Case.Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- The russel2000, if I'm not mistaken - has thousands of small-cap stocks within it, here's my bearish projection for it. --- My estimated top for the russel2000 = $1876 ~ $2392 High probability target = $2036 --- My estimated bottom on this one is roughly between $1527 ~ $1163 High probability target = $1324 🔺
CME_MINI:RTY1!
by Eloquent
NYSE Index Bear Case.Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- Some may ask, what is the NYSE Index? 👇 The NYSE Composite is a stock market index covering all common stock listed on the New York Stock Exchange, including American depositary receipts, real estate investment trusts, tracking stocks, and foreign listings. --- My estimated top for the New York Stock Exchange Index sits at $15,546 ~ $18,545 High probability target = $16,600 --- My estimated bottom on this one is roughly between $12,293 ~ $10,064 High probability target = $11,319 --- 🔺
TVC:NYA
by Eloquent
Let's learn about flats.good evening, in preparation for my next few bear posts, i'd like to talk about the three different types of flats in the markets. the main reason why i'm bringing this up right now, is because the USA Indexes are displaying all three of these patterns currently, so it's important to familiarize yourself with these fractals, for future references. feel free to share this with your peoples if you find it helpful. --- regular flats : • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B terminates near the start of wave A • Wave C generally terminates slightly beyond the end of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 90% of wave A • Wave C = 61.8%, 100%, or 123.6% of wave AB --- expanded flats • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB --- running flats • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates substantially beyond the starting level of wave A as in an expanded flat • Wave C fails travel the full distance, falling short of the level where wave A ended • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 61.8% – 100% of wave AB --- -- full credit to elliottwaveforecast for all of these guidelines
CME_MINI:NQ1!
by Eloquent
Opening (IRA): IWM December 23rd 156 Short Put... for a 1.67 credit. Comments: Targeting the <16 strike in the expiry nearest 45 days paying around 1% of the strike price in credit. This is more about not letting my IWM position get too short delta than about putting on an "ideal" premium selling trade. I still have an IWM short delta hedge on that is marking at around -60 delta (See Post Below) and had only one IWM short put rung on at the December 16th 164 (+23 delta at the moment), so the position was leaning more net delta short than I would like. This long delta additive trade will make my IWM position "net delta flatter."
AMEX:IWMLong
by NaughtyPines