IWN Russel Index ETF ShortIWN on the reliable daily chart has been trending down for two in a descending channel as
shown on the chart with upper and lower trendlines drawn with the tool. The Stochastic RSI
oscillates in the interval between oversold and over bought and presently is well
overbought at nearly 100. While the RSI may double top like it did in July, it is at least right now
at the first top. The zero lag MACD is confirmatory with a K/D line cross well above the
histogram. I will play this by buying a put option at a strike of $ 150 for October 24
If Biden tries to prompt up the market to gain a re- election and is successful, this will get
stopped out. If interest rates are not pulled back by the fed soon, small caps will continue to get crushed.
On the other hand when rates are pulled back, they will be nimble and recover quicker than
the large caps and it will get stopped out. I think the fed will pullback rates to help Biden
out, although the fed is not partisan ?
Oil prices in their downward trend lend support to a slow fall off in the inflation rate.
What goes for IWN also goes for DIA.
Russel
LONG opportunity in Russel (RTY)Context:
Weekly - uptrend (UT)
Daily - downtrend (DT)
Last day:
Value moved down but left very poor and weak high
Special notes:
Daily RSI is in oversold. Price at DMA200 support
Conclusion:
A lot of selling in the last 10 days. Market is getting too short and needs to cover those shorts before moving further down. Last day indicates lack of strong sellers, which creates opportunity for short-term bull bounce. DMA200 provides logical support
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Russel2K Long Consumers Expect Further Declines In InflationConsumers Expect Further Declines In Inflation
Finally! Russel is the dirigent in an Stock rally or Crash Orchestra, as it moves faster and is sensitive. Not this time. Whil S+P500,Nasdaq100 and Dow choosed the bullish trend, for longer time than expected,now Russel starts to ralley.
Technically has Russel found a triple strong bullish support, and RSI trend continuation confirmation:SEE THE CHART ABOVE!
The DXY is bearish and that is good for Russel.
Strategy: trend bullish.
Resistance supports (See the chart above)
Russel 2000 Head and Shoulders in playAfter another head and shoulder that broke to the downside, we find a similar pattern playing out. As the RSI is pointing down whilst there is a downtrend in play, we are looking for the head and shoulders to be completed and break down.
The next target corresponds with the previous supports of dec. 2018 and aug. 2017.
US2000 BACK TO 2000 ?- RUSSEL back to 2000
- Seasonally Russel is strong in DEC
- Seasonally Dollar is weak in DEC
- W-pattern + 1st Push unfolded
- Looking for stophunt high and low, then 2nd Push
- 2nd Push is run from 1850 to 2000 = MPP to MR2
- Also Demand-zone and 2 Deviation of Channel
- COT supportive of move higher, Dealers more short and less long
Russell 3000 - Elliot Waves countingElliot waves counted on Russel 3000.
Waves 3 and retracements of waves 2 suggest the counting should be shifted by 1 - and a possible breakout could happen - allowing the price to move towards the ATH - if that happens you know what to do - but due to fundamentals - I'm more keen to think this is properly counted and we are headed toward that tick curve at the bottom.
We will soon know.
IWM - Russel's next haltGiven the nice turn at the Center Line, we have a new target for the IWM: L-MLH...at least IMO.
The yellow pitchfork is here to see, if the ongoing flow, the direction will change, and if the momentum is increasing or not.
If not, price will trade outside the U-MLH. Otherwise we will see a fast and hard drop.
RUT Russell 2000 Support and ResistanceRUT Russell 2000 bounced from the strong support of $1940 and is heading to the $2180 resistance.
I also think we might see the end of the war soon.
Russia says the first phase of its “military operation” in Ukraine is mostly complete.
Looking forward to read your opinion about it.
Bitcoin and the Russel 2000I noticed that the Russel seems to call tops and bottoms of Bitcoin
You can see in the chart notes, the Russel:
-coming up thru the midline marks a parabolic BTC move
-coming down thru the midline marks a BTC bottom
When we hold the midline as support, it denotes the BTC move is not over yet
RUT Russell - important days & TheBigDrop (February 9th 2021)
Russell (RUT, IWM) index could be just finishing end of a HEAD of a major H&S pattern
major trend should be turning DOWN from now - SHORTS from now for few next days
but still keeping on high levels with many ZIG/ZAG patterns
moving towards main low levels likely at around February 9th
RUT calling bottom! Tomorrow GAP UP to 1500 and sideways to 1600
Today is a bottom on RUT/US2000USD on 1450.
We can see H&S reversal. LONG/SIDEWAYS till an election day November 6th.
It is going GAP UP to 1500 tomorrow overnight.
Than sideways up to 1600 level on the election day. Falling to lower levels afterwards.
Today is starting a second FED EAGLE wing. A very unique pattern! :)
Dealing with impatience6.1.20 Dealing with Impulse/impatience; gold silver oil ES Dow NewYork Russel 2-618 reversal patterns ( but with bullish price action )
Are you ready for a PUMP & DUMP ? (Russell 2000)Small caps looking a lot like Ethereum.
Everyone tried to count 5 waves up but then another wave comes into the market and trolls all the early bears.
Over 66% of people think we will go into a GREAT DEPRESSION 2.0, And trust me we will but not quite yet.
Many stocks haven't made topping patterns & others are painting false tops.
I am bullish.
Stay profitable
- Dalin Anderson