Russell Heading to Next Level Up? $RTYLooking strong here. Will we see RTY head up to the next level? I'm not convinced.... yet!
CME_MINI:RTYH2021
Rty
RTY OverlayRTY isn;t collapsing like tech, I think it just drifts sideways for a while then hits my IWM target eventually.
IWM ProjectionJust for kicks and giggles, I did an IWM overlay projection.
IWM dividend is 1.04%, long term rates are now at 1.4% (10yr). IWM is coming down whether it likes it or not.
ANyone care to guess what the overlay is from?
Stocks Spread OutNQ just completed a head and shoulders. That can mean anything, but it sure makes things interesting.
RTY has clearly taken the lead in relative strength since the markets bottomed in march.
More money is going to a larger group of stocks in RTY, and it looks like the tech bubble is paying for it.
Tech bubble:
Russell 2000 hitting channel resistance plus bollinger bandsThis is nearing the end of the bull run. The coinciding successive bollinger band breaches to the upside on the monthly right at long term channel resistance spells one major leg down coming up shortly.
RTY oversoldRTY RSI oversold, lost the channel line though.
I wouldn't go long until MFI gets oversold too. Then it probably backtests the trendline because that's what indies tend to do.
The parabolic rally is more than likely over.
RTY rising wedge break will signal equity crashOnce the RTY wedge breaks, it's going to take out all equity markets.
RTY has been inflating insanely, google it.
It's the key to the entire picture, that and the yields.
RTY bearish rising wedge spells imminent huge sell offRising wedge, bearish, RTY has gone parabolic almost even though it's high risk while safe yields have been skyrocketing. You already know what happens next. RTY will be the key to the equity implosion.
ES - S&P and Russel futures experiencing pressure by 10 year YDespite the really bearish technicals on both S&P and Russel 2000 as well as many considering those indexes highly overvalued — there more than 1T sitting in Treasury being ready to go into the financial economy.
We can assume that support lines will hold the bearish pressure to some extent.
As well we can assume that the 2020 asset crisis will not repeat due to the full support of central banks on markets to function with the least volatility possible.
Patterns can evolve into next week, but be aware not to overhold short positions.
Make or break time for small capsRTY is testing the lower channel line.
RSI oversold, so we should get at least a one day bounce.
RTY UpdateOversold but has not hit my bottom trendline yet. I'm guessing it will during Asia hours and then bounce when Euro markets open.
Not really sure about direction for tomorrow, market certainly looks weak, but it's a short holiday week.
Small cap correctionAppears the correction is finally starting, was overbought on every time frame including weekly as shown.
Going short. GC. I will add the why I go short in just a while. But for now I enter gold short at 1825.3
RTY Daily hit up Fib Extension. Expecting a pull backThe RTY daily time frame hit the up Fibonacci Extension and hitting resistance. These are big signs of a potential pull back. I am waiting for a lower price before looking for long opportunities.
RTY (Small cap futrues)Overbought on daily with MFI divergence. Appears it will hit my upper blue line so probably an exhaustion gap either tomorrow or Wed.
RTY - Russell2000 main s/r zones analysisHello traders,
Description of the analysis:
E-MINI RUSSELL 2000 INDEX FUTURES ( RTY ) support zones ideal for timing long positions (gray). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume .
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPX index. Biggest part of my current bussiness activity comes from e-mini futures (NQ, ES, RTY). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
RTY UpdateRTY oversold, NQ is still near overbought.
Maybe we get yet another sector rotation? Starting to get dizzy with all this rotation, lol.
RTY MFI OverboughtNQ oversold, RTY overbought. Looks like more whipsaw, lol, possible sector rotation again.
RTY Update 1/6The market celebrating the end of capitalism because of stimulus, lol.
Stayed out of the market the last couple of weeks to go duck hunting, this crap is absolutely hilarious. In any case, RTY and ES MFI overbought, YM and NQ aren;t quite there yet.
