Hey Guys, For this Index the Consolidation period has been there since the big Engulfing Candle on the Yearly Chart happened in 22. To become bullish again Russel has to move beyond 2280 (-1625 is the lower end with a mid-point of 1940)… Until then I will take a neutral bias towards this Index. Most likely we will consolidate on the 3D Chart between the...
The US Small cap equities index - IWM - Russel 2000, has approached a massive level of polarity. This 160 level is where the old resistance has turned into support previously. Monitor for reversal and continuation upwards. A break of this level however could really cause massive technical damage. The bulls have their work cut out for them this week
--First of all, I want to state that I am not a financial advisor. My thoughts do not constitute investment advice.-- So I believe that the Russel 2000 and bitcoin mostly move together. We can agree on that. It is very rare when the two exchange rates show divergence. But in the vast majority of cases, when the Russel 2000 price falls, the bitcoin price tends to...
GME recently bounced from the lows on the lower timeframe thanks to a Bullish Gartley and a massive amount of MACD Bullish Divergence and it has since come back down to fill the gap the rise created; now that GME has filled that gap it is going for a second leg up and the RSI is entering the Bullish Control Zone, and soon it will be Bullishly breaking out a macro...
AMEX:IWM beginning of an uptrend. #russel2000 Closed above the horizontal line and above the 20 and 50 weekly moving averages. Now it needs bullish consolidation and a retest of the horizontal line before it can break through the 200 weekly moving average.
Good afternoon, Anon, Seeking a comprehensive breakdown of the Russel2000? Allow me to elucidate for you. --- The Russell 2000 is presently entrenched in a quintessential Wyckoff accumulation phase: Dubbed - The Wyckoff Accumulation Schematic #1. --- Who is Wyckoff, and why is he of significance? Well, Wyckoff reigns as the vanquisher of bears, as...
Some real meaningful progression for the bull case in US small cap stocks. 50 dma > 200dma Price has cleared the critical resistance level between 187-188. Price has some short term resistance at the 38.2% fib retracement here, but it looks like we should progress to the next resistance level at the 50% fib retracement at 200. Chart is showing a clear formation...
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. --- i'm theorizing a full blown rally in the months ahead, right into april \ may. --- russel200 expanded flat target sits right a the 1.75 algo, which is roughly at...
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend. RUT Russell 2000 is oversold at the pre-covid level right now on a double bottom chart pattern. My price target is $1805. Looking forward to read your opinion about it.
im imagining if we touch these levels where the paths are we will exhibit the following patterns friday- monday
Independent Producers remain in implosion mode. Bankrupt Companies feigning existence worthy of a Bid. Chasers will be wrecked again 1610 fails and it's going to lose 90%+ into 2023 October. ______________________________________________ For now - the Flamingo is having a bit of difficulty getting gamblers back to the tables. A complete horror show... this JUNK.
RUT 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.
My guess is the market is waiting for a fed meeting to decide the direction for me Rty looks ready to die a horrible death but we will see. I'm bearish bias right now until we see some goo price movement in either direction, maybe a lower high on price movement or break down lower on the RVX. sending rty to retestance
Long rut for 2600 rut breakout of ath consolidation after 8 months. recent bear failed to break down and invalidated =breakout BOOON confirmed.
time has elapsed, therefore, more data is available. As much as we would all love it if the charts were frozen in time so we could analyze them endlessly, they aren't. Still, by operating on the higher time frame we can see structures that have some staying power. The structures I identified yesterday, I can now talk a little more about. I would like to see a...
SHORT! ENTRY: 2285 TARGET: 2211 (3% profit) STOP: 2315
Following the FOMC, US stocks went agressively down with the Gold and the EUR. However, a recovery is always expected on the S&P500 as it is on any index fund such as the russel2000 which also has seen a big downward movement. Technically, a second rejection can be expected on the strong round 4200 support forming a double bottom pattern adding more confirmation...
A timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in. Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that...