Russell 2000 - Potential Upward MovementRussell 2000 EMA about to cross HA Trend Follow upwards. Exit at upper BB
Rty1
RTY UpdateThis one is a bit more obvious, oversold.
Watch out EOD because there will be shorts covering. Lot sof garbage stocks tanked this week including cryptos.
Trading The Russell CorrectionIn 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 MFI OversoldRTY MFI is like at zero, lol.
There's a chance that RSI goes oversold before the bounce, depending on what Powell has to say here soon. If he pumps the market again (lol), small caps will prob have the best return
RTY UpdateSmall caps look the most bearish out of all indices, looks to me like it might go oversold on the Powell speech tomorrow morning.
Could be one of those days where the market gaps down but goes up anyways. We'll see.
RTY is back into the channelI have only one extension - 2032.2
We have a high probability target at 1900 by the mid of the month. Which should hold for another push into Mar high, possibly just a lower high.
I don't want to be long after the Mar high! It's a warning signal!
Have a good weekend
RTY is on the way for a double topIm not participating in this, Im swing short with SQQQ and will be buying SPXS at the close.
Looking for a move down into the mid of the month and another leg up into Mar OPEX
RTY is on the way to the Fakeout targetI was expecting this move, it came on time for the Fed day catalysis.
If you look at smart vs Dumb money as well as overbought conditions and negative divergences, you can see that this is a fakeout move, which happened many times in history.
I had a very important update last night, and will be doing a follow-up tonight.
Russell Futures ( RTY1! ), H4 Potential for Bullish ContinuationTitle: Russell Futures ( RTY1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2033.0
Pivot: 1909.8
Support: 1832.2
Preferred case: Looking at the H4 chart, my overall bias for RTY1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 1909.8, where the overlap support is before heading towards the resistance at 2033.0, where the previous swing high is.
Alternative scenario: Price could head back down to break the pivot at 1909.8, where the overlap support is, before heading towards the support at 1832.2, where the previous swing low and 38.2% Fibonacci line is.
Fundamentals: There are no major news.
RTY chart, held support where it had toRTY chart, held support where it had to, at the must-hold resistance now
There is a pathway for the overshoot/fake-out move I mentioned before; there is time till the Fed meeting.
Its at a perfect r/r for a swing short.
I might post one more chart tomorrow.
Good night
IWM/RTY levels going into MondayLooking for a test of 189.50 highs
demand below 180.15-177 area looks interesting for longs on retest
RTY UpdateRSI and MFI overbought with MFI divergence. RTY hit resistance zone. Garbage stock short squeeze appears to be over now.
ECB and Fed speakers tomorrow. Watch out.
RTY partial update for the next Jan 16th week I hope everyone is having a great weekend.
RTY is in the bull channel all week, similar to NQ’s rising wedge.
As you can clearly see, RTY is way oversold on the 4h chart (MACD, RSI); this will get a strong rejection of the next resistance zone imo
Looking at the cycle,s we still can push into Tuesday am open to test the major trendline around 1915-18 (depending on landing time). At the same time, it can fall apart straight from the open.
I think we extend on Sunday (gap up?) or into Monday (Futures will be trading open till noon)
- The primary support and target for the next week is 1847-52, from where (if it holds by the 20th) we should see a last push up into the Jan 24th high.
If that support is broken, it should test the 1800 level and below next.
- The target box for the final move-up is at 1542.5-1952.5RTY.
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SPX and NQ will be updated on the site
Enjoy your weekend
RTY UpdateWaaaay overbought but it does have a cup and handle pattern going on. I think we get a reversal tomorrow and a dip Tuesday.... or maybe a dip tomorrow, I dunno.
CPI was bullish but I don't chase overbought markets. Will decide what to do Tuesday. Bought some PDD puts just so I watch the market tomorrow. Just guessing that Asians were the ones dumping futures in the afternoon.
RTY is setting up for a strong move downIm not currently trading RTY, but it has the weakest structure out of 4 bog indexes.
With the today's rally, RTY rallied the lest compare to the ES and NQ, where ES was leading on the upside, while NQ gave up less when it started to sell
For those who trade RTY, there is a great short setup is setting up
RTY updated chart from yesterday's postThe price is above Monday's high, which suggests one more push going into the CPI numbers
I have mentioned also in my SPX , NQ and ES updates about the possible inverted OCT 13th CPi release move tomorrow.
A Gap and Crap full report was posted last night and updated today
RTY Short IdeaThe RTY one hour time frame is in a channel. The
market is near the top of the channel. As long as
the market stays below the top of the channel. It
is expected the market to push bearish towards
the bottom of the channel.
Entry: counter trend line break bearish
below the top of the channel.
STOP: In the buy zone above the entry.
LIMIT: 1756.7
Once or if the one hour time frame gives the
entry. As long as the market stays below the
top of the channel. It will be a good idea to
turn to the five minute time frame and look for
tunnel trader short, chandelier trader short,
and or destination trader short ideas towards
the one hour price target.
o' man o' man.if i'm right about this, so many people are going to so devastated.
most market participants are already completely and utterly distraught,
this rally could just simply set them over the edge.
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i'm theorizing a full blown rally in the months ahead, right into april \ may.
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russel200 expanded flat target sits right a the 1.75 algo, which is roughly at $2392
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please don't treat this as financial advice.
consult your financial advisor before making any decisions in this market.
RTY UpdateRSI hit oversold on RTY, ES, and NQ. MFI hasn't yet, so gonna wait to see what happens tomorrow.
My guess is still gap down and reversal tomorrow, but the gap down might not happen since RSI is already oversold. My favorite plays still look like crap and AAPL is falling off the tree, so no long positions until tomorrow and even that is a maybe.
RTY UpdateNQ filled the open gap but ES and RTY did not. I think RTY needs to go oversold before it bounces and fills.
Looks to me like the market is gonna whipsaw sideways this week. No melt up or tank. Powell speaks on Wed, CPE on Thu. Expect whipsaw.
Russel2000 Bear Case.Good evening,
This post is part of a series of requests i recently received.
The request was: "What is your bearish projection on the US stonk market".
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The russel2000, if I'm not mistaken -
has thousands of small-cap stocks within it,
here's my bearish projection for it.
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My estimated top for the russel2000 = $1876 ~ $2392
High probability target = $2036
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My estimated bottom on this one is roughly between $1527 ~ $1163
High probability target = $1324
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NYSE Index Bear Case.Good evening,
This post is part of a series of requests i recently received.
The request was: "What is your bearish projection on the US stonk market".
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Some may ask,
what is the NYSE Index?
👇
The NYSE Composite is a stock market index covering all common stock listed on the New York Stock Exchange,
including American depositary receipts, real estate investment trusts, tracking stocks, and foreign listings.
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My estimated top for the New York Stock Exchange Index sits at $15,546 ~ $18,545
High probability target = $16,600
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My estimated bottom on this one is roughly between $12,293 ~ $10,064
High probability target = $11,319
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Nasdaq Bear Case.Good evening,
This post is part of a series of requests i recently received.
The request was: "What is your bearish projection on the US stonk market".
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Well, this right here is my primary bear case for the Nasdaq. Keep in mind, this is just a single bear case from my perspective; there's always many different potential outcomes, and it's my duty to discover them, and share them with you - the trader.
>Just because you are seeing this picture here today, does not mean this is what will happen .
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Tuesday November 29th 2022 ~ December 21st 2022 = my calculated top for the Nasdaq.
Estimated to sit between $13,016 ~ $15,308.
High probability target = $13,697.
ps. if money rotates, or a proper catalyst appears, nasdaq could squeeze up to some of the higher targets on my chart to create a regular or expanded flat.
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Friday May 12th 2023 ~ Tuesday October 24th 2023 = my calculated bottom.
Estimated to sit between $9449 ~ $7361.
High probability target = $8085.
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