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IWM

RTY UpdateLOL, i slept in and missed the morning pump. I was all cash. I think the overlay is a bit too bullish, but I also think the RTY gets a gap fill tomorrow. We could see a possible sector rotation instead of an all out rally. My play is to short EOD tomorrow, not chasing the pump. Earnings season coming up end of month (EOM), and Fed minutes had nothing positive in it. Remember the last time the market pumped Fed meeting minutes it was a Thu/Fri pump. I guess the same here.
CME_MINI:RTY1!
by hungry_hippo
1
RUSSELL 2000 respecting FIB levels; ABC may reach 1500 vol zone.The smallcaps Russell 2000 futures RTY1! (also the IWM etf), a leading market indicator like the transports, may complete an A=C correction ending in the volume profile zone near 1500. (IWM seems to be consolidating in tranches of 200…ex…230, 210, 190, now @ 170 & maybe 150 around 4Q2022.) This will complete the final wave 5 of C-wave. As you can see in this weekly chart, Russell 2000 respects impt FIB levels. 2100 zone is Fib 0.236, 1900 is Fib 0.383, the current 1700 zone is Fib 0.50 & the projected 1500 bottom zone will be Fib 0.618, the most likely zone for a reversal. THE BULLISH CASE: if Russell 2000 holds the 1700 zone, the bounce will be very quick due to the 2 LOW VOLUME zones. The target will be 2100 with some consolidation near the 1900 zone. Not trading advice
CME_MINI:RTY1!
by xtremerider8
7/4/22 MCDMcDonalds Corporation ( NYSE:MCD ) Sector: Consumer Services (Restaurants) Market Capitalization: $187.076B Current Price: $252.96 Breakout price: $252.96 Buy Zone (Top/Bottom Range): $248.35-$238.25 Price Target: $258.00-$260.50 (1st), $270.00-$275.60 (2nd), $302.60-$308.20 (3rd) Estimated Duration to Target: 21-22d (1st), 54-61d (2nd), 150-159d (3rd) Contract of Interest: $MCD 8/19/22 270c, $MCD 9/16/22 270c, $MCD 12/16/22 280c Trade price as of publish date: $3.60/contract, $3.60/contract, $4.75/contract
NYSE:MCDLong
by lord_catnip
6/26/22 BABAAlibaba Group Holdings Ltd. ( NYSE:BABA ) Sector: Retail Trade (Internet Retail) Market Capitalization: $309.183B Current Price: $117.62 Breakout Price: $120.00 Breakdown Price: $85.00 Buy Zone (Top/Bottom Range): $102.65-$87.00 Sell Zone (Top/Bottom Range): $113.80-$124.95 Price Target: $128.40-$131.70 (1st), $167.50-$171.10 (2nd), $15.70-$14.00 (3rd) Estimated Duration to Target: 29-31d (1st), 117-124d (2nd), 340-356d (3rd) Contract of Interest: $BABA 7/15/22 120c, $BABA 10/21/22 130c, $BABA 6/16/23 100p Trade price as of publish date: $6.47/contract, $11.98/contract, $14.93/contract
NYSE:BABA
by lord_catnip