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RTY1!

"most fear the unknown" iwm updatemost fear the unknown, and in turn they stay away from it, i walk into the unknown with confidence, knowing there is always opportunity ahead. ---- iwm\rty (small caps) look to be on the verge of finding a big local bottom in this local region here through an expanded flat. the law of alternation states: "if wave 2 was a simple zig-zag, then wave 4 will have to be a complex correction". that's precisely what we're seeing here, a little complex correction phase to really shake out the weak hands out of this wicked market. ----- wave 4 target = $2067.70 wave 5 target = $2800
CME_MINI:RTY1!Long
by notoriousbids
es\rty 12\3 update~good morning, the bulls came in clutch in this last second to put in the fifth leg of a sloppy leading diagonal into wave (1) of a higher degree this in my eyes confirms a break of downtrend, and the dip that comes is for buying. expect a deeper dip than usual, as there is still very strong selling pressure, but don't be afraid of it. i don't think we take out of the local lows. dip might not come today, but i got a feeling we gonna get it sometime soon.
CME_MINI:ES1!
by notoriousbids
9
RTY1! Gold Oil12.1.21 RTY1! Gold Oil: On this video I compared three markets, one of them was contracted and the other two were volatile markets. You do not need to trade many markets to be profitable, but you need to avoid markets that are contracted and don't give you a sense of probability that is to your advantage. Contracted markets are more difficult to have a sense of probability unless they have a fairly well established range with enough distance between buyers and sellers, and that's what will allow you to have a better sense of probability because the vertical range is enough for you to make a decent profit. If you have too many markets that you need to focus on, this can be very counterproductive, and you can waste a lot of time in markets that are likely to deliver a decent risk reward. Most people don't really understand why they can trade profitably for a few weeks or a few trades, and that everything turns sour. They know it doesn't feel right, but they haven't conceptualized with the markets doing. It's a very well-known phenomenon that some traders can have very profitable periods of trading, and then a short time later lose almost all their games. It can be so disconcerting that they will go through cycles of changing their charts and their indicators, but they don't realize the broad difference between expanding markets and contracting markets. This can go on for years. Most traders who start trading, losing the markets, and stop trading. Bobby's Homework Assignment: study the last three or four videos and notice the difference between expanded markets and contracted markets. Make a note to yourself that even in parish markets, even prolonged bearish markets there will be periods of time where taking a long position will be very profitable. This is absolutely a fact. One reason this is important is that most traders are all or nothing, and they're either bullish or bearish, and there is no flexibility in their assessment and their ability to be flexible. Don't Be That Way!
CME_MINI:RTY1!
by ScottBogatin
2
20 year elliott wave analysis ($iwm)someone asked me this evening if i thought iwm was in a phase of distribution right now- so i decided to take a deep dive into the entire history of this chart, and here's what i've come up with. no, i do not think it is in a phase of distribution, instead it actually looks like a massive bull flag - in elliott wave theory terms, i'll call it a double or triple three - hard to say for now, since it is only halfway through this flat corrective phase. my low ball long term upside target for iwm is at $335, high ball would be $375 this is in confluence with my 12 year spy analysis, you can view it down below: ps. flat corrections can take a really long time to resolve, so i'd wait for a definitive break out, and a retest of the entire channel that it's in right now before attempting to play that upside swing.
AMEX:IWM
by notoriousbids
6
Russell 2000 Futures Headed To 2668?Exactly one year ago this month the Russell 2000 broke out to new highs and many were calling it the November to Remember as the RTY had an all-time record 18.4% monthly total return This November the Russell 2000 is also breaking out to new highs and on my strategy the look is exactly the same as last year. Will this be another November to remember? I think so, but I don't think it will be an 18.4% rally like last year. I do think that the RTY could rally 10% and look to test 2668 before the end of the year. I use Bollinger Bands with 20 period, 3 standard deviation settings along with a simple 10 period simple moving average on a weekly, daily and 60 min charts as my strategy for this long swing trade.
CME_MINI:RTY1!Long
by anthonycrudele