RTY1!1.21.22 RTY1! : I think the Russell is trading lower to a level to be a buyer. (I also include a sermon about how markets move...free of charge).
Rty1
𝗦𝗺𝗮𝗹𝗹-𝗰𝗮𝗽 𝗨𝗽𝗱𝗮𝘁𝗲: $IWM Daily. WARNINGConcerning chart. Looks like a backtest today ... as long as below 209 there's substantial risk to the downside
$RTY_F $AMC $CROX $SPY $ES_F $QQQ $NQ_F $VIX $TLT $TNX $DXY #Stocks #Trading 📉
RTY UpdateOversold but that doesn't seem to matter anymore. Broke the support line today
If this is a bear flag or any other 2 step move then it appears small caps could tank until the Fed meeting. Then a Fed meeting pump.
Anyone wanna guess what the overlay is? Note, I did not change the time scale at all.
RTY UpdateMFI and RSI now oversold. Same with ES and YM. NQ RSI is not oversold yet.
I'd wait until teh market gains a little traction before going long though. I think the market gaps up and closes the gap tomorrow, so I might wait until tomorrow morning.
RTY One Hour Long IdeaThe RTY one hour time frame is still in a down
trend. The market is making lower lows and
lower highs. According to the daily time frame.
The market is expected to push bullish towards
2314.5 about +1,412 ticks above the market. It
will be a good idea to wait for the one hour time
frame to break the short term down trend line
and enter into the buy zone. Before looking for
long ideas.
Entry: Counter trend line break bullish in the
buy zone.
STOP: In the sell zone.
LIMIT: 2314.5
Once or if the market enters into the buy zone.
As long as the market stays in the buy zone. It
will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
Destination trader long opportunities.
ES1! - Opex Week Preview in 3DYhe 10Y Note Yield Gained 4.8% on Friday, topping out at 1.79%. The echoes from the pundits are calling for a return to value as high beta-growth has seen continued pressure, with ARKK leading the declines. NQ1! defended it's 4h Higher low on Friday with a hammer but remains in a 4h Real-Body Bear-Flag. In contrast RTY1! (Russell 2000) and YM1! (Dow Jones Industrial Average), set lower lows before their bounces. RTY1! is in a 4h bear channel, approaching the upper-bound. Vix lost steam at 22 finding support at 19. For consolidation to continue the path is a Daily H&S neckline break, in the most recent test of the largest expansion in the History of the Federal Reverse's Balance Sheet. This looks like a middle, with major markets offering divergent clues. Opex weeks have a way of offering abrupt clarity.
RTY UpdateFunny, NQ was the only index to go overbought but small caps look weak AF. Garbage stocks dropping again if you're a bearish trader.
RTY One Hour Long +1,412 TicksThe RTY one hour time frame is in a down trend.
The market is making lower lows and lower highs.
The larger time frame shows the market should
push bullish towards the monthly up future
resistance price point 2314.5. It will be a good idea
to wait for the one hour time frame to break the
down trend line and enter into the buy zone
before looking for buying ideas.
Entry: Counter trend line break bullish in the
buy zone.
STOP: In the sell zone
LIMIT: 2314.5
Once or if the market enters into the buy zone.
It will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
destination trader long ideas towards 2314.5
watching for short entry in to Tzatry watching for a short entry on Tza
god it's annoying TV requires a lengthy description. These charts are time-consuming enough.
RTY UpdateMFI almost overbought, much like NQ
Don;t chase the pump, probably should be looking at cashing out soon if you;re long. I would not hold a long position over the weekend
There is the chance that RSI also need to go overbought but I wouldn;t count on it
Meanwhile, small caps...Small caps appear to be melting up, the index tends to fill gaps and there's a gap at my red line. Note that it's an index gap and not a futures gap so there's no guarantee on this one. Also, it's tagging along the overbought zone so it can tank at any time.
I'd stay away from garbage stocks though if you;re going long
Santa is still here! $SPY
looks like Santa is still here!
Cup & handle on futures playing out beautifully. As long as we hold above supply overnight I don’t see anything stopping us from making more all time highs tomorrow. Daily also looks amazing after consolidating and retesting the 9 EMA for continuation.
Wanna buy the dip if this retests and holds 4789-4784 above supply (9 EMA)
Swing targets above ATH for
$SPY: 480, 482, 485
RTY UpdateMFI hit overbought, market really seems to be having issues pumping small caps with futures. Could just be an EOY thing, we'll see next year
RTY UpdateOverbought on RSI with MFI divergence but I think it goes up until MFI gets overbought. Probably a 3 day pump and short squeeze again. (Just guessing at this point) Staying out until Monday afternoon. I'd rather short garbage than go long on them.
Gonna be a ton of short opportunities next year I think
Trading Range on Nasdaq 100 FuturesWe are in Trading Range on the Russell 2000 Index Futures.
Like and Comment will be hugely appreciated, thank you so much for your support.
See other ideas below too!
RISK DISCLAIMER:
Trading Futures ,Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
"most fear the unknown" iwm updatemost fear the unknown, and in turn they stay away from it,
i walk into the unknown with confidence, knowing there is always opportunity ahead.
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iwm\rty (small caps) look to be on the verge of finding a big local bottom in this local region here through an expanded flat.
the law of alternation states: "if wave 2 was a simple zig-zag, then wave 4 will have to be a complex correction".
that's precisely what we're seeing here, a little complex correction phase to really shake out the weak hands out of this wicked market.
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wave 4 target = $2067.70
wave 5 target = $2800
RTY1!12.17.21 Russell 2000 . I do NOT like Pro shares! (reasons); The price dynamics that made the Russell a tough market to short when it made a new low.
NQ MFI OverboughtAll indices overbought on MFI, but not on RSI.
FDAX has yet to fill the gap above so I think the market gaps up again tomorrow. Probably a whipsaw day today though because they gotta sell of a bit to get MFI down. Also a chance of a melt up here, because that's what always happens after a selloff. Lots of stocks hit oversold on daily last week.
es\rty 12\3 update~good morning,
the bulls came in clutch in this last second to put in the fifth leg of a sloppy leading diagonal into wave (1) of a higher degree
this in my eyes confirms a break of downtrend, and the dip that comes is for buying.
expect a deeper dip than usual, as there is still very strong selling pressure, but don't be afraid of it.
i don't think we take out of the local lows.
dip might not come today, but i got a feeling we gonna get it sometime soon.
𝗦𝗺𝗮𝗹𝗹-𝗰𝗮𝗽 𝗨𝗽𝗱𝗮𝘁𝗲: $IWM Weekly. Fake Breakout?If support fails and confirms a fake breakout things could get ugly. One of the more important trendlines to watch!
$RTY_F $AMC $CROX $SPY $ES_F $QQQ $NQ_F $VIX $TLT $TNX $DXY #Stocks #Trading 📈
$RTY Russell 2k anchored VWAPMost important chart in the market today imo. VWAP anchored to yesterday's low bar provides the safety signal. Above it, buyable imo. Below, gtfo.
