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RTY1!

RTY New OverlayMarket tanked today on Consumer Confidence numbers released at 10am. Wasn't paying attention to the news since I flipped my calls at 9:45. RTY didn't get the gap fill so you know it has to try again, lol. I overlaid the last gap fill pattern, down tomorrow, more whipsaw this week then another gap fill attempt next week. Bad news won't keep the market from getting the gap fill, heck, they tried to pump it a week after the Fed said possible .75 hike in July. We might see some serious whipsaw for the rest of the week, I wouldn't chase the market. 4th of July week is usually pretty bullish, but then again this market isn't following any rules. Might roll into some calls again when RSI gets oversold, we'll see.
CME_MINI:RTY1!
by hungry_hippo
Russell 2000 Futures Next Leg Down -10%Russell 2k $RTY1! broke below the 200 EMA on weekly and failed to regain 1800 as support. As the canary in the coal mine, the Russell 2000 comprises of the 2000 smallest stocks of the Russell 3000 (broad capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S stock market) and provides a solid bellwether for forward facing trends. Next move is a 10% markdown from 1700 to 1550. From there we will likely see a failure to regain 1600. With Q2 earnings coming and early signs of margin compression in the face of rampant inflation ($NKE earnings revealing some weakness), expecting to see 20 EMA crash below the 200 EMA with the 50 EMA following closely behind. On balance volume reflecting a downtrend that really gained momentum in late March / early April with no sign of reversing in the near-term.
CME_MINI:RTY1!Short
by R0MM3LL
RTY MFI almost overboughtGeez, it would have been an easier trade if they left everything oversold until the Fed meeting. All indicators neutral except RTY MFI is almost overbought. ES overlay suggests we could see another dip before the meeting tomorrow. Flipped my COIN puts on open for a wash this time because I saw the Euros were pumping futures. Staying cash until tomorrow morning, might just wait until after the press conf to confirm the next pump, lol. Keep in mind there is still a gap above.
CME_MINI:RTY1!
by hungry_hippo
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