The RTY daily time frame hit the up Fibonacci Extension and hitting resistance. These are big signs of a potential pull back. I am waiting for a lower price before looking for long opportunities.
Overbought on daily with MFI divergence. Appears it will hit my upper blue line so probably an exhaustion gap either tomorrow or Wed.
Hello traders, Description of the analysis: E-MINI RUSSELL 2000 INDEX FUTURES ( RTY ) support zones ideal for timing long positions (gray). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines...
Indicators in the middle but it certainly looks like it wants to go overbought again
RTY oversold, NQ is still near overbought. Maybe we get yet another sector rotation? Starting to get dizzy with all this rotation, lol.
NQ oversold, RTY overbought. Looks like more whipsaw, lol, possible sector rotation again.
The market celebrating the end of capitalism because of stimulus, lol. Stayed out of the market the last couple of weeks to go duck hunting, this crap is absolutely hilarious. In any case, RTY and ES MFI overbought, YM and NQ aren;t quite there yet.
Short Term Elliott Wave View suggests the rally from September 25 low in Russell 2000 (RTY) is unfolding as a 5 waves impulse Elliott Wave structure. In the 1 hour chart below, we can see wave 3 of this impulsive rally ended at 2032.3. Wave 4 pullback is in progress with the internal subdivision as a double three Elliott Wave structure. Down from wave 3 high at...
$RTY Below 1965 is 1877 in the short term
MFI obviosly overbought, loos like RSI hits overbought tomorrow, so possible pump and dump coming.
RSI overbought on 3 hr, daily, and weekly Somethings gotta give... no volume at all today. Hard for me to get bullish when I'm expecting this to drop
Just saying.... I wouldn't buy the dip today even though I expect an afternoon bounce.
Doesn;t look like the market will dip until both RTY and YM are overbught.... so probably tomorrow afternoon or Monday
Seems to be the only logical reason why teh algos are pumping futures.... to get RTY out of oversold territory. ES is overbought but the market appears to be mlting up anyways. Thursdays are usually bearish, so not chasing the pump
ES / SPX ATH gives a bullish stance but looking for a correction / more consolidation first. Looking to retrace to first stop @ 3630 POC for the current run up from 02 Nov 2020 is @ 3560 RTY / RUT Consolidating below POC, if there is a close below 1822 a retracement to VPVR nodes is likely First Retracement to 1800 (weak support) then to the next much more...