The Russell has rallied higher in the last two sessions. In this video I take a look at two Elliott wave counts to determine if the correction is complete - or if we should expect further selloffs.
Oversold on RSI and MFI, and it hit my target line which is the price level pre-COVID Old resistance is new support so I expect a bounce around here, some garbage stocks are green already today
In this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading strategy and price objectives to target
Zero Bound. An Insurance Company with Annuities @ 5% cannot exist at net negative Returns. They go out of business. RTY is DOA in time.
The Russell is tossed around by dip-buyers and sellers of strength. In this video I take a look at an important bullish divergence and a trade idea that can be profitable regardless of market direction if it is managed well.
Short Term Elliott Wave View in Russell 2000 (RTY) suggests the decline from March 29, 2022 high is unfolding as a zigzag Elliott Wave structure. Down from March 29 peak, wave 1 ended at 1966.6 and rally in wave 2 ended at 2060.90. Index then resumes lower in wave 3 towards 1903.50 and rally in wave 4 ended at 1957.60. Final leg lower wave 5 ended at 1834.50 which...
Bear Market signals persist. When the DOW begins to outperform on the downside, we have a clear indication of a lengthy BEAR Market. It's just beginning. Counter Trends are a normal course in prolonged Trends. The ONLY real reversal... QE: Global Central Banks began withdrawing Liquidity via RRP's since July of 2021. The contraction made a controlled...
Garbage stocks tanking again, and the daily indicators are not oversold yet so there is definitely a possibility that small caps break support here. Not sure what the pattern will look like though. I expect money losing companies with no growth to continue getting hammered on earnings.
The RTY one hour time frame is in a large side ways range. The market is at the bottom of the range. The market is below the short term down trend line. It will be a good idea to wait for the market to break and close above the short term down trend line before looking for long ideas. Entry: Counter trend line break bullish above the bottom of the sideways...
Short 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...
The SPY and QQQ look like they need a rest. However, the RTY looks ready for bullish continuation.
It 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...
Option squeeze on Delta for Puts. Selling the Futures against the VOX Pullback to PO. New Lower Lows ahead.
Stocks are not looking good, getting warning signs like March 2020, think it's about to rug pull.
Looking about cooked for now. 2/5 Setting up. The 2282 was a brilliant SELL, it simply collapsed from there 250 Ticks. __________________________________________ Small Caps have no real hope, nor access to Capital. Later in 2022 after 5/5 completes, this Index will lose 90% of its Price Value.
The 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 like an inverted H&S. I would expect small caps to fill teh gap before heading up though because they usually do
The 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...