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Rtydaily

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. ........ SPX and NQ will be updated on the site Enjoy your weekend
CME_MINI:RTY1!
by RealTima
1
RTY is overextending on the upside and downsideI haven't look at RTY for a while now, till the Fri close where I shorted it at 2015.50, willing to add if we stretch into the maj resistance zone right where the upper Bollinger is, that is also a 2.618 extension off the lows RTY is overextending on the upside and downside compare to SPX . We hit 50% retracement off 2020 lows in June and I see the whole way as 5 down and 3 up here. We hit 110MA on Weekly as well as 200MA on Daily. If it's acting as it was on the way lower, SPX might not even reach 200MA in this case. We are at the very top for this bear market rally, it can still extend up to 2084-2108 We are also at/near 61.8 off Mar high and Jun low as well as near 50% off the ATH and Jun low retraement I will update the target for the Oct low after I see confirmations of the top.
CME_MINI:RTY1!
by RealTima
6