The 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...
The 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...
$RTY $IWM 1D We stayed patient and got the exact pullback we were looking for. Now, we must hold $2170-2200. If we do, targeting wave 3 high of $2365 immediately.
We're experiencing another Expansion zone as highlighted before. Market will be deciding on Trend. Under that average price will result in a down trend.
RTY - "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...
RTY oversold on the daily, but it still went down during the original COVID tank.... Indicators say buy here, but the other indices are not oversold yet. IWM chart shows the same.
Have been tracking this for awhile now. Expecting a base to build here before our next leg higher towards $2650+. Eyeing a position on this one very soon. ($IWM)
I 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...
RTY .618 tap on the fib retracement. I'm long here as a result. Good r/r after making ath.
Almost at the wave 3 target, upside limited in my opinion. Wait for the wave 4 dip. It will be a gift in the market. Thank me later.
RTY/IWM looking for a measured move after a long consolidation. I'm thinking it will retest the high of 2366 before the run.
Limited upside left on this wave 3. Wave 4 pullback to retest the breakout will be a GIFT. Targeting $2555 from there.
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...
RTY appears to be coiling, probably goes overbought on MFI tomorrow then back down. More whipsaw coming, lol. Not enough up side to bother buying calls.
Price provided further Information the last few days. We have been patiently waiting for developments in the Market Structures to unfold . We anticipated a Countrend after hitting the WEEKLY LTL @ 14367 illustrated in a prior Chart Observation. Everything has traded out as we anticipated and indicated. SO far, SO good - this is always subject to change. We...
We see how important the Ledge remains. We traded Support first thing this morning, this is where and when we Closed our NQ SELLs. The balance of the Day was SOH. The intent is clear, the Hourly was over-sold, the Weekly remains deadly. These are enormous ranges and again, IF there is not a high probability setup with a clearly defined trade plan. 9/10 its a...
SPX, through a confirmed iH&S via The Russell 2000, reversed on Friday. Mini-Pennants are forming on the two hour frame. NAS is the outlier, while price advanced with SPX the path included a lower low, invalidating an iH&S pattern. NAS is working on printing a two hour broaden wedge pattern. The Vix hit the 50% Break Target of the Bull Pennant, finding...
RTY did not go oversold like ES and NQ. Futures appear to be rallying together anyways.