$SPX $SPY $QQQ $ES_F $NQ_F $YM_F -- $RTY_F is obviously the most bearish and will lead the way down. very clear bear flag on the daily chart.
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, given support momentum for RTY! and the recent high, the next bullish target it seems to be heading towards is the $1540 price point. Overall, I'm bullish and its looks to have some strong support metrics.
I don't look at small cap futures much but since it's so pumptarded now, I had to take a look. Possibility of one more pump into overbought territory before a pullback.
Russell 200 0 is retracing to .786 fib level to short.
Here's why I'm not buying this selloff necessarily. 1. Famous double double bottom setup 2. .5 - .618 retracement done 3. Closed above support
RTY Monthly time frame hit support. If support holds, market should head right back up.
The RTY Monthly time frame is holding at support. As long as the market does not close below support, I am expecting the market to push +3,000 ticks bullish towards resistance.
Decent R:R in a never ending bull market
With new all time highs for everyone else, The Russell feels left out. If this beast gets too emotional, and wants to join in, I believe this is how it would look : ) - This is not financial advice. For Artistic purposes only.
The RTY Daily time frame is at resistance. I'm looking for short trades off the one hour time frame. Waiting for the market to enter into the sell zone off the one hour time frame.
The RTY Daily time frame is in side ways movement. The market hit the bottom of support price point 1460 and is expected to push bullish towards the future high price 1600 about +903 Ticks away.
The Russell 2000 usually leads the SPX. This is because small businesses ramp up and grow faster when the economy is growing and are more likely to fail if the economy is in recession. This chart shows that in May the Russell began to underperform the SPX measuring from the beginning of the cycle.
The E-Mini Russell 2000 One Hour time frame is in sideways movement. The market is near the top of resistance. I am looking for the U-turn to sell towards support.
With the $ES and $NQ rebounding off the 200-dma and at the 61.8% retracement level, the big question is this another BTFD moment or part of a bigger move down? The $RTY might provide a clue here with a breakdown from a wedge and a retest of the wedge lower boundary which is also marked by a SSR resistance. Odds are for a CD leg down for the Russell 2K and...
The index has bounced this week off the 1,458.00 Support which was the contact point on October - November 2018. This is a cyclical buy opportunity on 1D and an early long signal as 1D is still neutral (RSI = 44.642, ADX = 33.294, Highs/Lows = 0.0000). We are long on RTY targeting 1,590 (Resistance). If this bullish sequence later holds the 1,498.80 - 1,514.20...
From the previous idea (see attached: "Russel leading the consolidation pack") you will know that Russell in many ways has been acting as a leading indicator for US Equities. This is interesting timingwise, especially when the break to new highs in S&P and NQ occurred was not comparable in Russell. So here we are now only needing to track the 1480-1475 region....