RTY UpdateNice whipsaw going, MFI went oversold premarket.
Guess they're gonna pump garbage again, flipping my BUD puts on open.
Rty1
RTY UpdateAs usual, small caps are the weakest, MFI already hit oversold. ES and NQ are getting close, but won;t happen until Monday.
Not sure about gap direction Monday or if RSI also need to hit oversold. Either way, the market will signal a buy on Monday.... as usual I'll wait and hope for a gap down to make the decision easier.
RTY UpdateRSI hit overbought and turned around, I dumped my PCAR calls on open because it didn't look right.
Wasn't expecting today to be a pump and dump but numbers weren't that great. Made a couple of k's on PCAR, but really disappointed it didn't go up more.
Market just whipsawing again, no positions, I have no idea what it;s doing today.
RTY Short. We got a nice rejection of the Daily sell zone. Looking for continuation to 1745 and then ultimately 1700.
Entry Price - 1774
Stop loss - 1800 (I would like to see a strong close above 1800 level.
First Target - 1745
Final Target - 1700
Please share your views. Thank you
RTY UpdateNot oversold yet, not going long today though pretty high possibility of the usual Friday pump and dump tomorrow. Will wait until my indicators say to buy.
I think the selloff ended for the day because a lot of stocks hit support (see GM for example), but I'm not sure if that holds.
Looks like all I'm gonna make is beer money this week, but at least I didn't lose money in the Fed whipsaw. Also, PTON down and W up on earnings, the opposite of usual, lol. Glad I didn;t bet on that too.
RTY MFI overboughtRSI isn't there yet, but ES & NQ already hit overbought on both.
I don't expect the market to tank, probably just a dip. Bought a few AFRM puts for kicks and giggles this morning, see if it breaks support tomorrow.
Hoping the algos start cycling again now that earnings are over (except AAPL), buy the dip when MFI goes oversold.
RTY UpdateStill the weakest index, RSI is already oversold.
RTY indicators are the least reliable, not going long yet.
4-25-23 [russel2000]Good afternoon, Anon,
Seeking a comprehensive breakdown of the Russel2000?
Allow me to elucidate for you.
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The Russell 2000 is presently entrenched in a quintessential Wyckoff accumulation phase:
Dubbed - The Wyckoff Accumulation Schematic #1.
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Who is Wyckoff, and why is he of significance?
Well, Wyckoff reigns as the vanquisher of bears,
as well as the architect of unanticipated realities.
Wyckoff embodies an interdimensional algorithm,
crafted to cleave you asunder.
---
Green trajectory = Should the ensuing days yield favorable earnings, anticipate the Russell 2000 to be propelled into the celestial realms.
Strawberry trajectory = Russell breaches the low with ferocity, accompanied by a colossal volume spike, prior to being catapulted to all-time highs.
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Ps. An upsurge in small-cap stocks signifies an environment inclined towards risk-taking.
RTY UpdateMFI dropping fast, but RTY barely even dipped. There's a weird short squeeze on garbage stocks today. AFRM, PTON, BYND, TSLA (lol) all green by a lot.
No trades, but I'm hoping for the market to tank so we finally get some tradable action.
Note: Some of the garbage stocks appear to have rolled over, might be a play there.
RTY UpdateJust drifting sideways, indicators are neutral. I think MFI goes oversold tomorrow morning on RTY and ES, will wait until then to BTFD, lol.
I think it's gonna be a whipsaw day. Futures need to sell off but lots of dip buyers already. Slept in (kinda obvious now, lol) because I was all cash, no positions. Will take a potshot at the market again tomorrow if indicators go oversold.
No idea which way the market gaps tomorrow, I'm not bullish on TSLA earnings. FDAX MFI is dropping but the index isn't. Maybe another small gap down again? i dunno.
Really thinking it might be a good time to take a break from the market... but PCAR earnings next Tuesday. Maybe after that.
RTY UpdateRSI hit overbought and stalled, MFI is overbought.
Appears to be a rotation from small cap to tech, took the easy money and dumped my long positions
RTY MFI OverboughtRTY MFI is overbought as is YM, but all other indices including ES, NQ, FDAX, and GC1! (gold) are all neutral. Not getting the pre-CPI pump I expected so far.
Might just sit this week out, not feeling all that well. Don't need the heartburn, lol.
Russell2000 H4 Potential Pitchfork Play Targeting 1850In this update we review the recent price action in the #Russell200 emini futures contract and identify the next high probability trading opportunity and price objectives to target
RTY UpdateNo idea what the other indices are doing, looks like a melt up on ES and NQ because MFI is dropping while RSI is rising.
RTY is oversold, and PTON is up so it means short squeeze time, lol. Small long position, don't need the heartburn.
RTY UpdateAppears to be a complete pump and dump failure. I got bullish because of the buy volume the past couple of days, but it hit overbought on MFI and now is dropping. i think there's potential for it to stay oversold for a day or two when it gets there because it's dropping on much lower volume. Those that bought have to sell, and volume isn;t matching up yet.
Russell2000 False Break PlayIN this update we review the recent price action in the Russell2000 emini futures contract and identify a high probability trading pattern and price objectives to target
RTY UpdateRSI oversold again, but I wouldn't consider going long until ES and NQ also go oversold.
ES MFI has a LONG way to go before it hits oversold. Plus the market gave up on the short squeeze and lost all interest in garbage stocks. PTON down 7% now. Friday is when funds rebalance their portfolios, and I'd imagine they'd want to get rid of garbage stocks and move to dividend stocks. Flight to safety trade tomorrow, I think. Problem is ES MFI needs to go down....
RTY UpdateRSI hit oversold, MFI has stayed oversold.
No idea about gap direction tomorrow, but I'm sure this throws a reversal pattern.
RTY UpdateNot at all what I expected today, small caps leading the market down. I don't recommend a long position until RTY goes oversold.
Asia and Europe usually don't pump small caps, so it's probably toast this week. Chart pattern is extremely bearish.
Russell To Test Equality ObjectiveIn this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading opportunity and price objectives to target
RTY 1 BUYPeace be upon you, merchants. An opportunity to buy. With a breach of support in 1915. As well as penetrating the descending channel. Which humiliates the power of buyers in the market. The price is moving up. In the coming days we can see. Price 2120. And the price of 2200
Russell 2000 - Potential Upward MovementRussell 2000 will continue its upward trend. Exit at 3rd supply zone
