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Rty1

Russell's Time to Shine Part 2 8/8/2020Whelp, here we are. It looks like I was right. Since July 13th, this was RTY's time to shine. While the FOMOers and Robinhooders were chasing the tech hype in NQ, institutions resumed their distribution within the NQ. Institutions were selling tech shares and taking advantage of the tech hype. The settled cash was then used to invest in non-tech stocks that are vital to the economy such as transportation, financials, and utilities. I'm not going to judge them. I would've done the same thing. You can't build an economy if you have no bank account, no shipping, and no electricity or waste management. What sectors make up a large part of the RTY? Transportation, financials, utilities, industrial, and energy - the non-tech stocks. While amateur traders were chasing the tech hype, the NQ only gained nearly 8% since July 13th. The RTY gained nearly 14% since July 13th. This is why traders should never limit themselves to just one index or one sector. They just missed better opportunities out there.
CME_MINI:RTY1!
by Itsallsotiresome
RTY's Time to Shine 7/24/2020The RTY at the 4 hour view. Tech shares are finally getting corrected by institutions. Thank God. The NQ was seriously overextended and bloated. While tech and biotech will be going ultimately sideways for the rest of the summer, this is a great moment for non-tech sectors to grow from the Distribution Cycle. RTY is filled with non-tech sectors. Investors are flocking for dividend stocks which the RTY is loaded with them. RTY will soon be my favorite index to long and the NQ will be my index to short from at this rate. The question is: will the RTY fill that giant gap below or make another run for 1500+?
CME_MINI:RTY1!Long
by Itsallsotiresome
RTY Possible Bull Flag 7/20/2020I'm waiting for RTY to fill that gap. With big tech earnings this week and next week, I figured that this may be an excuse for transportation and financials to pull back. It seems that RTY is bull flagging instead at the 4 hour. I asked the question: will the RTY fill the gap first then run for 1500+? Or will RTY run for 1500+ first then fill the gap later? It's looking to be the latter so far. I hope I'm wrong on this. I would love to ride the bounce up.
CME_MINI:RTY1!
by Itsallsotiresome
RTY Breakout 7/15/2020Investors 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 safer to long from major supports. Stock breadth is strengthening. Liquidity is strengthening. That is all pretty bullish. RTY is known for bouncing unexpectedly.
CME_MINI:RTY1!
by Itsallsotiresome
RTY in a BoxThis 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 fate of RTY really rests on the decision that XLF/FAS and XTN/IYT make. Financials and transportation make a bull market. Why? Because every business needs a bank account and ways to ship/receive products. Even tech needs its semiconductors and a bank for venture capital.
CME_MINI:RTY1!
by Itsallsotiresome
RTY Channel 7/13/2020RTY 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 closes a day or two below 1354, then it's going to get ugly. That's why the buy zone is so large compared the sell zone. The XLF/FAS and XTN/IYT will determine the fate of the RTY. If both cannot sustain a rally, the RTY will become my favorite short target.
CME_MINI:RTY1!Short
by Itsallsotiresome
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.
CME_MINI:RTY1!Short
by CHTradingGroup
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