To the penny VXX just today satisfied leg C of a legitimate AB=CD pattern. Target 29.84 GLTU!
This is the RTY at the 4 hour. Which will the RTY do first? Fill the gap below or breakout to reach 1500? The NQ has entered into a distribution phase. Tech stocks are going down and the money is heading to the non-tech stocks like financials and transportation. That's the RTY's bread of butter. RTY may be getting reach for another surge. The question is: will...
Investors and traders are leaving tech to go for better value stocks: financials and transportation. RTY rallied big time due to this shift in breadth. I am expecting a small pullback for RTY. However, from the looks of it, financials and transportation have entered into an uptrend channel. If you're going to short, short very, very carefully. It's probably...
The daily time frame on the RTY just broke through resistance. I am expecting a 1,000 bullish push towards the daily up fibonacci. Turning to the one hour time frame and looking for counter trend line breaks bullish in the buy zone will be a strong idea .
This is RTY at the 4 hour view. I just said screw it with the channels for now until RTY makes up its mind. For now, RTY is stuck in a volatility box. The dotted lines are tier I support/resistance. The dashed lines are tier II support/resistance. You can swing trade while the price goes back and forth. At URTY/SRTY, that's still a 3-7% profit per day. The...
RTY broke below its upward channel again. It looks like the downward channel is taking over. It seems the price action is coordinating with the downward channel's buy and sell zones. Banks' earnings are tomorrow. JP Morgan and Wells Fargo will set the tone for earnings season. If RTY is indeed in the downward channel, then look to short the bounces. If RTY...
Speculators are waiting for another shot from Fed the drug den
RTY - do you want it was much as NQ?
Daily time frame of RTY is holdings at resistance 1450.00 If market can close above 1450.00 off the daily time frame. There should be a +1,000 tick push at least.
Lets see where she goes. I like the look of this IH&S structure. Re-balanced just means it should go up..
RTY is holding at the one hour up trend line. The market broke the counter trend line bullish and hit a down short term fib... If its going to go up, it is in the right place to do so. If the market enters into the sell zone It will be a good idea to stay out of the market until it enters back into the buy zone.
Is ES finally ready to do a big timber?
RTY 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.
Much 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...
As long as support holds. I am expecting a +2,000 tick bullish push back towards resistance.
whether 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
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.