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Rty1

SMALL CAPS CORRECTION OR HUGE BREAKOUT?The perfect storm event known as the Covid pandemic has introduced many millions of new traders into the circus. The indices have performed amazingly well over the last year.. nearly parabolically so. While I do not believe the indices have formed a major top yet, a minor pivot is likely. I have been hoping for a decent correction to shake things up. I am not certain if we'll even get that. I'm looking at this pattern on the Russell 2000 (RUT, IWM, RTY1!) that is either an ascending wedge or a bull flag. Watch price action closely in this range. If it breaks below, it will likely do it very quickly and flush a lot of these new traders out. On the flip, if it breaks above... well, prepare for another move that defies gravity. What do you think will happen? I'd prefer a flash crash type of event. Personally, I believe having an equal long/short (hedge) is not unwise aka strangle.. Let's see what happens!
CME_MINI:RTY1!
by gghsusa
Futures Levels | Look Ahead For The Week of Jul 18Stock indices finally broke their uptrends last week, and the small caps (RTYU2021) completely fell apart. In the first of what may become a Sunday evening series, I take a look at what the Volume Profile and price structure may be telling us in terms of levels to watch this week for the ESU2021, NQU2021, RTYU2021, GCQ2021, ZNU2021, ZBU2021, and MBTN2021. Quick take away is my favorite idea is to fade the strength in notes and bonds looking for rates to bottom in this cycle.
CME_MINI:ESU2021
by RodCasilli
2
RTY Daily Bullish Push +1,000 TicksThe RTY daily time frame is in an up channel. The market is moving from the top of the channel towards the bottom of the channel. The market created a down Fibonacci with an extension price point 2180.3 which matches with the bottom of the channel. It will be a good idea to wait for the market to fall towards the bottom of the channel. Then turn to the one hour and look for low prices in the buy zone back towards the top of the channel price point 2363.7
CME_MINI:RTY1!Long
by JoshuaMartinez
1
RTY Daily Bullish ChannelThe RTY daily time frame is in an up channel. The market is at a high price hitting the top of the channel. According to the research, it will be a good idea to stay out of the market and to wait for the market to give a low price near a known level of U-turn either at the bottom of the channel or above the the channel. There is an up Fibonacci extension above the live market price point 2588.1 about +2,531 ticks away. As of now, I am out of the market wishing to be in.
CME_MINI:RTY1!Long
by JoshuaMartinez
2