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Midcaps

Mid/Smallcap || Recovery As Expected, What now? The Midcap and Small Cap Index have shown signs of recovery as anticipated in my previous analysis. The index is now trading above the 20 EMA Band in the 2-hour timeframe (TF). However, several key conditions must still be met before we can confirm a sustained bull run: 1. 2-hour RSI should cross above 75 to signal strong upward momentum. 2. Daily timeframe (DTF) RSI needs to exit the Bear Zone. 3. NIFTY50 is still awaiting confirmation to move out of the Bear Zone, which would provide broader market support.
NSE:CNXSMALLCAP
by Abdul-Rahim
ALTCOINS TOTAL3 Altcoins have struggled in the last 5-6 months since BTCs slowdown. Some alts are down 80% from their highs but are now displaying a promising pattern for the bulls. The chart shows the daily support that intersects 3 points that make a head and shoulders pattern. This H&S pattern is an important reversal structure that if gets completed would signify the bottom of the downtrend and the beginning of an uptrend. Since this H&S reversal TOTAL3 has flipped the 1D 200EMA and is now at diagonal resistance. Should this resistance be broken and accepted above as well as the WEEKLY S/R then the next target is DAILY RESISTANCE. This would be great for smaller can alts especially the newer projects that have not experienced a Bullrun yet. In terms of a trade setup. I would place an SL below the local low as this would be a trend break and could signify a further sell-off. Take profits @ DAILY RESISTANCE, $720B & $780B.
CRYPTOCAP:TOTAL3
by ProR35
1
IWM: Breaking Down From A Bear Flag Visible on the MonthlyThe Russell 2000 has broken down from a Bear Flag that is visible on the monthly timeframe; at the same time, the RSI is breaking below trend and the MACD has flipped Bearish. If this goes like last time, it will result in a deep bearish retrace, perhaps all the way down to the $70s or even the $50s. One thing to keep in mind is that the Russell is heavily linked to Finacial Stocks and Banks, so this Bearish Setup here is likely more indicative of what's to come for the financial sector, including Banks, REITs, and other Services, than anything else.
AMEX:IWMShort
by RizeSenpai
IWM giving heads up of an implosionThe IWM ETF is the Russell2000 ETF, and I use it as a proxy of market internal breath. Case in point, we have a runaway Nasdaq (Technology sector) with a stalling S&P500. The small and mid caps need to be the internal support for this tech rally to continue else it breaks down from the internal infrastructure and implodes. Exactly the heads up seen here... The IWM Daily chart has not been able to get a higher high, but instead gapped down from the last lower high, at the top of a range (orange box). Yesterday, it tested the trend line support, and in doing so, turned the MACD far enough to register a down crossover. In a bounce off the trendline, it also bounced off the 55EMA, and appears to breakdown over he next couple of trading days. Technically, this chart is bearish, and tells of the internal implosion starting to happen. The Nasdaq rally is limited days to go... this is giving us a heads up.
AMEX:IWMShort
by Auguraltrader