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Rty!

Elliott Wave View: Rally in Russell 2000 (RTY) Expected to FailShort term Elliott Wave view in Russell 2000 (RTY) suggests that the decline from November 8, 2021 peak is unfolding as a 5 waves impulse structure. Down from November 8, wave (1) ended at 2136.8 and rally in wave (2) ended at 2288.60. Index then resumes lower in wave (3) towards 1892.40 and wave (4) ended at 2137.10. Wave (5) lower is in progress with the internal subdivision as another impulse in lesser degree. Down from wave (4), wave (i) ended at 2119.30 and wave (ii) rally ended at 2131.60. Index then resumes lower in wave (iii) towards 2079.10, wave (iv) ended at 2102.60, and final wave (v) ended at 2062.80. This completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 2107.90 with internal subdivision as a double there Elliott Wave structure. Index then resumes lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 2055.20 and rally in wave (ii) ended at 2068.10. Index then resumes lower in wave (iii) towards 1999.50, and bounce in wave (iv) ended at 2031. Final leg lower wave (v) ended at 1978.80 which completed wave ((iii)). Bounce in wave ((iv)) ended at 2030.30 with internal subdivision as expanded flat. Up from wave ((iii)), wave (a) ended at 2015.90, wave (b) ended at 1966.60, and wave (c) ended at 2030.30. Expect the Index to extend lower in wave ((v)) before completing wave 1. Afterwards, it should rally in wave 2 to correct cycle from March 30 peak in 3, 7, or 11 swing before the next leg lower.
CME_MINI:RTY1!
by Elliottwave-Forecast
RTY UpdateIt appears the market has lost all appetite for money losing "growth" stocks that aren't growing. My trade strategy is still valid, short garbage on any pops, they can pump futures but they can't make people buy. Let the algos hold the bag. I think every garbage stock is going to SFIX it's way to single digits, just gotta avoid the pumps, remember the 3 day short squeeze rule (today was the 4th day, lol) Euros are bullish and could pump futures, but I don't think gap direction matters if today is any indication. I think the market will be oversold for the Fed press conf Wed, so avoid holding a position Wed afternoon regardless of trend pattern. This drop has nothing to do with Russia, it was DOCU that caused it. I expect a follow through Monday, though it might reverse in the afternoon. Liquidity for crap stocks disappearing quick, look at AFRM, SMSI, DOCU, etc
CME_MINI:RTY1!
by hungry_hippo
RTY One Hour Long IdeaThe RTY one hour time frame is still in a down trend. The market is making lower lows and lower highs. According to the daily time frame. The market is expected to push bullish towards 2314.5 about +1,412 ticks above the market. It will be a good idea to wait for the one hour time frame to break the short term down trend line and enter into the buy zone. Before looking for long ideas. Entry: Counter trend line break bullish in the buy zone. STOP: In the sell zone. LIMIT: 2314.5 Once or if the market enters into the buy zone. As long as the market stays in the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / Destination trader long opportunities.
CME_MINI:RTY1!Long
by JoshuaMartinez
8
RTY One Hour Long +1,412 TicksThe RTY one hour time frame is in a down trend. The market is making lower lows and lower highs. The larger time frame shows the market should push bullish towards the monthly up future resistance price point 2314.5. It will be a good idea to wait for the one hour time frame to break the down trend line and enter into the buy zone before looking for buying ideas. Entry: Counter trend line break bullish in the buy zone. STOP: In the sell zone LIMIT: 2314.5 Once or if the market enters into the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long ideas towards 2314.5
CME_MINI:RTY1!Long
by JoshuaMartinez
4
RTY - Millennium Tower IndexThe Russell 2000 continues to expend energy in a large Range which remains in a weakened condition. 2282.50 was rejected. There is little to support this as the Parking Lot is being vacated. Small to Mid Caps are not faring well in the present Environment with little reason to Position for 2022. Slowly Sinking into a LArger Sell is ahead after the next Retracement. ___________________________________________________________ RTY / M2K will Ourperformi to the Downside.
CME_MINI:RTY1!
by HK_L61
3
Best places to go long or short the RussellThe Russell is even cleaner than the Nasdaq. Two major buy / sell areas on the chart. So far the Russell has been playing the game of chop. Sweep the lows, sweep the highs and move in the other direction. The same way we had a failed breakout, we could get a failed break down. Best place to sell 2310-2360. Resistance/Gap combo and the real direction for now is down, so it is with the main trend. 2200 & 2080 are decent for short term trades. As we go down they are good for a bounce. If they get broken they are good to put shorts if the market bounces from lower. Best place to buy long term is 1980-2030. Extreme support combo with 1. Untested breakout / gap, 2. Key Bollinger bands, 3. 400 DMA
CME_MINI:RTY1!
by BitcoinMacro
RTY - ahh... faked you out.... not higher.... lower comingRTY - "everyone" (including me) was faked out by the false breakout. Now it's back into the long term wedge (also appears to really have been a large ending diagonal or Wyckoff Distribution pattern). With the breakdown of Crypto over the weekend, RTY is heading to back test some prior levels. This will be healthy in the long run, but painful for those heavily long. Based on the 2 Anchored VWAPs placed on this chart, I see a MINIMUM pullback to the 1950 area on RTY. Further basic Elliott Wave analysis may suggest some slightly lower zones as possible. Regardless, the AVWAP zone shown here will be good for AT LEAST a hefty bounce.
CME_MINI:RTY1!Short
by RBS2024
A good place to start scaling for a bounceI think this is a good place to start scaling into the RTY longer-term or short-term potential bounce. In 6 months we will be at a very different place. With the proper position sizing you could start scaling in 5-10% of your planned investment in Russell if you don't have any position already. Risk reward potential is greater that it one day will retest any of the levels above. There are some nice trades that can be made with this.
CAPITALCOM:RTYLong
by DevilsIslandBoy
NQ - Daily: Price is now in the "Box"Wire to Wire Melt-ups is the very definition of an Aggressive Extension. The price moved accordingly within NQ Extension to perfectly hit its first area of Resistance the Heavy Depth of Market Distribution for the next Wave down within the downturn off the High @ 15,708.50. We are now roughly 650 Ticks from the September Highs. or conversely as little more than halfway off the Lows @ 143567.25. The same 2 Draw are shown in the FIB Ladders 1. Ledge @ 15399 to 14367 2. ATH @ 15708 to 14367 The symmetry illustrates how time functions as Intersects are important, they are Pivots for Price in Time when defined correctly, it requires patience to hunt them down if you are relatively inexperienced. e Eventually, you will find them with ease. Within the Symmetry, we see the "Box" - although it will appear tilted, it is our larger retracement Range IF and Only IF this level of resistance is broken and continues to Hold. We have Gaps above and Gaps below, by design... it creates uncertainty, again, by design. We also have, more importantly - the Retracement we were looking for Price attempting to Fill the Gap above. We do not know if this will be a Gap & GO or a Gap & Trap. We see on the smaller Timeframes October 21 as an important Time... On the larger Daily Timeframe - we see November as important. Our Box has a boundary for Time and within it there are a number of dates now which began popping up last week to assert themselves on Shorter Durations. The VIX Crush is underway as the VVIX is being pushed back into our Corner, albeit slowly... ever so slowly. The VXN has 18.60 as the next lower Objective. Price is either going to Over-Throw or consolidate. Typically extensions this Aggressive either continue of Fail in rather Epic proportions. Friday's are always fun, they tend to relieve the most capital from both sides during Expiry... Put holders have been smoked, the large number of Call buyers wants their Payday.
CME_MINI:NQ1!
by HK_L61
4