RTY1!
RTY one hour +2,000 TicksRTY one hour time frame is in an up channel. The market is at the bottom of the channel. Waiting for a counter trend line break bullish for a potential +2,000 tick rally.
Russell Bear Flag Breakdown and a Good Reversal FibMuch like the ES and NQ futures that I discussed tonight, the Russell futures may be rolling over as well. With this chart, there are two ways I see to interpret the "bear flag" formed from the March lows. As drawn now, more candles are captured by the lower channel, but to do that the flag has been violated three times, which is a little unorthodox.
The other way is to lower the lower channel to capture the three breakdowns, but in doing so, we might miss an important clue that faces us presently, so I have left it as it is.
In each of the first two breakdowns out of the flag (red arrows), the index was able to recapture the channel quickly, in a matter of a couple of days with a large green candle thrust.
The important matter I want to point out is the third breakdown (green arrow). It, too, tried to recapture the channel but ultimately failed do so and then backtested it from below and failed that too. This is why I prefer drawing this chart in this way, because it is then in alignment with the breakdowns we see in the NASDAQ and S&P 500.
And finally, this index is a bit unique in that it has a much cleaner fib retracement, having kissed the 78.6% fib before this last, and possibly final breakdown.
RTY Daily, Bullish +2,000 TicksAs long as support holds. I am expecting a +2,000 tick bullish push back towards resistance.
RUSSELL watch 1460whether it's a B or a 2, we would retrace 50% to 61% of the first drop and we should bounce back somewhere between 1450-1475
RUSSELL Wave A or wave 1?From my last RUSSELL analysis I was mentioning the eventuality of an end of W5. This seems to happen now.
I am now looking at this downward leg which could a simple ABC correction if A bounces back at the level of the previous 4 wave...
Or if it slips lower confirming my theory of a bear market complex correction.
RTY Potential Bullish push: +650 TicksOne hour time frame is hitting up trend line and starting to push bullish. There is an up fib extension on the daily time frame about +650 ticks away from current market. I am looking for buying trades towards the daily up fib extension.
RTY - Russell2000 e-mini s/r zonesHello traders,
Description of the analysis:
Trade what you understand, trade carefully and sparingly according to the business plan.
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 SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund ($4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
Is RUT uptrend a ZZ correction? Please commentI am definitely not an expert in Elliott Waves but for the first time I kind of see some patterns in the RUT futures.
The uptrend seems like a ZZ 5-3-5 typical corrective wave. If this confirms, it would mean it is part of a bigger ZZ corrective wave.
I'd like to have some feedback on this...
Thanks in advance!!
Oh Dear.. RTY getting RTYThey say small caps are leading the way.... If that is in fact the the direction... I have your destinations ; )
***Not financial Advice.*** Honestly. I have no idea what I am doing at all.
Cheers,
-Skylobster
(Dont fight the Fed)
... for now.
Small Caps Could Continue Outperformance$RTY_F: as absurd as it sounds from a fundamental point of view given that 40% of the companies in the index are unprofitable and it's carrying a 65x forward P/E, the technical picture is very clear: small caps are putting in a medium-term rounded bottom vs. $NQ_F.
RTY Daily Long, +1,200 TicksRTY daily time frame is in an up channel. The market is pushing from the bottom of the channel towards the top of the channel. Looking for counter trend line breaks bullish off the one hour time frame should be a good idea.
Short RTY1! for the 50d SMA55x forward earnings? Yikes. Expect small caps to lead the way down if we do indeed roll over into a risk-off environment in the next few weeks. The 50d should catch-up with the 38.2% Fibo relatively soon. We'll cover our short when we hit one of them.
RTY Topping Out?This is an index that trades at more than 50x forward earnings and 40% of its constituents aren't profitably. Fundamentally, it could still fall 50% and not be unfairly valued.
