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Rty1

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 Eloquent
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
Futures Levels | Head Fake Or Higher? (ES, NQ, ZN, GC)It's nice when a projection comes together. Last week, our outlook suggested that we could see rates breakout, which would likely lead to broader stock index futures weakness. We got it half-right. Rates did breakout, but the rate rise ended up looking more like a head fake, so the selling was contained, with Friday even seeing a strong rebound. This week there's not much to go on with earnings still a few weeks away. We'll be watching the BTC $50K level, 4400 ES, and if Gold can hold 1750.
COMEX:GC1!
by RodCasilli
1