The RTY daily time frame is in a down trend. The market is hitting the down trend line. At the same time the market is hitting an up Fibonacci extension price point 1890.50. Usually when this happens. The market has a bearish reaction. If the market continues to push bullish and breaks the down trend line. It will be a strong sign the buyers are taking control....
2007 Levels will be upcoming into October 2023. Summer Counter-Trend has more room for the upside. The Monthly Risk Range is at extraordinary risk. "Others" are getting it all together for the Early Fall Classic. Extreme patience is required for the SELL, it will continue to develop over time, blink and you'll miss it. Financial Media continues to caution...
The Federal Reserve will suggest they projected a slowdown in Economic activity. Effect Indicated, Effect Observed. Solid work. _______________________________________________________________________ Outside of the Matrix, the Depression slumbers on within the confines of Real Sentiment. ....The Deal Breaker. "7" was misstated - "6" is the GDI hedonic, it's...
NQ is tanking but RTY has more of a wave 4 type pattern, so small caps probably rally on the Fed tomorrow. MFI hit oversold, but the index didn't sell off much. IWM has a bullish pattern on the daily and intraday. Small caps are relatively strong despite most garbage and retail stocks being in the category. Strange. Anyways, bullish on small caps tomorrow for...
The RTY daily time frame is in a down channel. The market is at the top of the channel. If resistance holds. The research says to expect the market to push bearish towards the bottom of the channel price point 1554.6 about -2,620 ticks below the market. It will be a good idea to wait for the market to close below the short term up trend line before turning to...
Looking at the net positions of the Commercials (Red Line), the Russell 2000 is at record high levels. Additionally, the small speculators (Blue Line - tough to see but it's blown up on lower indicator)) are very short compared to historical levels. The COT index on the bottom shows dark green when both commercials are maxed net long and small speculators are...
MFI went oversold this morning, and you can see RTY is coiling. CPI release tomorrow morning before market open, the market tanked before the last release, so if it doesn't tank before EOD it's a bullish sign. Normally I would say this is a continuation pattern, but the algos need to fill he open gap. If it breaks upwards then the target is the resistance zone,...
Still tracking the overlay more or less, but it all depends on the reaction to the Fed meeting minutes this afternoon. Appears that's when it will break up or down. DUmped my calls, on open. Didn't like the way futures trading looked, actually a couple hundred on EWY but made money on the rest. Glad I flipped because GM tanked right after. Next time the...
Followed my 15 minute rule and flipped my puts. DCT was a big winner, another $3k day. Good week for me despite missing out on the Friday pump and the Tuesday dump, lol. RSI now touching oversold with positive MFI divergence. Note how it hit my overlay target even though the chart pattern was a bit different. I told everyone earlier this week not to go long...
Hello traders and investors, today we will talk about small caps Russell 2000, in which from Elliott wave perspective, we see a completed 7-swing complex correction from the highs. Russell 2000 topped and completed its 5th wave of a five-wave bullish impulse already back in November 2021. Since then we can see slow, choppy and overlapped wave structure that we...
Market Overview RTY We are at a critical area where the BULL's could take control to push the pair Bullish as we have Support area and Previous Resistance cross road where the Market normally U-turn from . Long Term we Bullish on this pair with a long term target of 3245.6 . Monthly Take Profit Target 1: 2751.5 Monthly Take Profit Target 2: 3245.6 Stoploss : 828.8
Russell 2000 (RTY) broke below previous low on 5/12/2022 at 1698.3 and opens up a bearish sequence favoring further downside. The entire decline from 11/8/2021 high is unfolding as a double three Elliott Wave structure. Double three structure is an 7 swing corrective structure where W, X, and Y subdivides into 3 waves. Down from 11/8/2021 high, wave ((W)) ended at...
Russell 200 trading on bottom band of monthly VWAP and below Quarterly and Yearly with bullish divergence on multiple time frames and multiple gap fills to upside. Time to go long for a bounce.
5 year yields are even higher now, plus Powell is doing 3 rate increases in a row - 0.5% - 0.75% (yesterday) - 0.5 or 0.75% July I'll let you decide where small caps are going. My guess? Same level as December 2018, and that's if we don't wind up in a recession. Close to oversold on the weekly though
✔️Gap has been filled from November 2020. ✔️Bullish divergence on multiple time frames (4H, daily, and weekly) ✔️Put/Call ratio over 1.2 Looking to run to $178.
0.5 is acting as a support now as price has moved way above it, prior to this it was a resistance point as price tested it This bullish assumption is supported by the RSI, showing an Inverted H&S pattern, just completing the Right Shoulder This 0.5 fib line should act as a support now
The RTY Daily time frame is in a down channel. The market hit the bottom of the channel and found support. The market is now pushing bullish towards the top of the channel price point 1936.2 about +803 ticks above the market. It will be a good idea to turn to the one hour time frame and to look for long ideas in the buy zone.
Independent Producers remain in implosion mode. Bankrupt Companies feigning existence worthy of a Bid. Chasers will be wrecked again 1610 fails and it's going to lose 90%+ into 2023 October. ______________________________________________ For now - the Flamingo is having a bit of difficulty getting gamblers back to the tables. A complete horror show... this JUNK.