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Iwmlong

RUT LongWe have bounced off the 200 EMA on the daily chart . We are at support of the 34 ema on the weekly chart. We have had a long period of consolidation now. Corrections can happen with time or price. This has been a correction of time. The candle lows have been making higher lows and have been forming hammers on the daily chart . The higher lows on the daily chart combined with the support of the EMA’s is what makes me bullish . We also have a symmetrical triangle formation on the daily chart which we broke out of and retested intraday today. The S&P and NASDAQ have had huge run ups and some of the money may be rotating out of those indexes into the Russel. BTC is breaking out and looking to retest all time highs. If it starts making new all time highs I expect there to be an easier environment for the Russel to rise. The stop is below the low of the consolidation. If we break that I am no longer bullish and will have to re-evaluate. I would try and take an entry off a smaller time frame with a much higher stop to increase the RR on the trade. Another way to go about this is waiting for the Russel to start trending higher and confirming the analysis and then buying the first large enough pull back. Waiting for this will allow for confirmation of the trade idea and give a better RR as well.
TVC:RUTLong
by The_Waves
IWM ..still rangebound..Trend is still intactif it breaks above or below the "blue dotted line" channel, trade accordingly. I am leaning towards long side because of earnings and russell rotation of stocks usually happens at the end of the June..... but I will wait for that break to happen to choose a side. Until then double diagonal or iron condor sounds like a good strategy to pick. Learn, Plan, Size and Manage. This publish is not an investment advice. I am not an investment advisor. So, you are solely responsible for your actions on your money
AMEX:IWM
by optionscalendarhawk
RIDE THE RUSSELL!! Our Favorite This Year!Hello Traders, IWM (Russell2000) has been one of our FAVORITE trades this year. We've participate on every major rally we saw. Those nice 6-10% overnight hold trades. We're waiting for the Russell and the Dow to join other indexes towards the ATH breakout levels. Let's go straight to the chart. 2 important levels: 1. $153-154 major breakout support 2. $148-$150 previous breakout support These 2 levels put us in a nice buying support range. Although we don't see it on this chart the Russell2000 (CFD) is currently up 1.2% (9/7/20 12:20 PM EST). A daily candle close above the $1541 level would put us right back on the bullish zone. Watch for a potential gap up on the Russell going into Tuesday trading session. RIDE THE RUSSELL! *NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
AMEX:IWMLong
by KoreanStreetBets
$SPY What if (Bear and Bull Case) another COVID Optimism Bounce?Please do your DD. From my last SPY idea, we are in the bear/bull trap zone and where we go next is anyone's guess (Most likely down). We could be consolidating here to move higher one more time or gaining momentum for a downward spiral. We may have Gilead's and Roche's official news soon so we have to be prepared for a short squeeze. Also I am looking at the IWM and it hasn't reached its .50 retracement so that is unclear what that is going to to do so please be careful either way.
AMEX:SPY
by UnknownUnicorn3272672
$IWM - How GILD may have saved the market (for now)Those who follow me know I have been bearish (and still am in the long term) since January. However looking at the IWM which has been a very good leading indicator of the market overall, the Gild news could have breathed a new lease of life to the market. Looking at the actions a few days before the GILD news we can see that the IWM was rejected twice and closed below the resistance line. In addition there was a bearish RSI divergence prior to the news. As a result, I think we could be headed higher now if we are able to break above the resistance line after bouncing off support. (If we are unable to break that resistance and fall below the current support then it could be game on for the shorts) Also looking at the RSI in general, for now we are still following the trend line and still haven't gotten back to the 50% line, this may mean the rest of the market may be heading higher with minor pull backs. With everything happening in the world one would expect that the stock market should be crashing but The Fed has been injecting so much liquidity into the market. We have to take the stock market one day at a time and deal with what it gives us. Also there is too much negativity in the market right now and it shouldn't take much for the FED to get the market to move higher if and when it starts to buy ETFs since that could cause a short squeeze and take markets to higher highs. Please do your DD before investing as this is just my opinion.
AMEX:IWM
by UnknownUnicorn3272672
Daily IWM forecast timing analysis by Supply-Demand strength21-Jun Stock investing strategies Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations. Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. View a Forecast Candlestick Chart Analysis of 10 days in the future: www.pretiming.com (You can easily create a trading plan.) D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.0% (HIGH) ~ -0.4% (LOW), -0.2% (CLOSE) %AVG in case of rising: 1.0% (HIGH) ~ -0.3% (LOW), 0.7% (CLOSE) %AVG in case of falling: 0.3% (HIGH) ~ -1.0% (LOW), -0.5% (CLOSE) Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
AMEX:IWM
by pretiming