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Russell

Elliott Wave Projects Zone where Russell (RTY) Rally May FailRussell 2000 (RTY) ended a 3 swing corrective rally from 10.13.2022 low at 2016.90 on 2.2.2023 high. From this level, the Index declines lower with internal subdivision as a 5 waves impulse Elliott Wave structure. Down from 2.2.2023 high, wave ((i)) ended at 1906.2 and rally in wave ((ii)) ended at 1970.10. The Index resumes lower in wave ((iii)) towards 1728.5 and wave ((iv)) rally ended at 1800.8. Final leg wave ((v)) ended at 1708 which completed wave 1 in higher degree. Rally in wave 2 is now in progress to correct cycle from 2.3.2023 high in 3, 7, or 11 swing before the decline resumes. Internal subdivision of wave 2 is unfolding as a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 1779.4 and pullback in wave ((b)) ended at 1750.40. Wave ((c)) higher is in progress as 5 waves. Up from wave ((b)), wave (i) ended at 1808.2 and wave (ii) pullback ended at 1785.30. Expect the Index to extend higher before it completes wave ((c)) of 2. Potential target higher is 100% – 161.8% fibonacci extension of wave ((a)). This area comes at 1821.4 – 1865.4 where the rally in Russell may fail and the Index starts to resume lower. As far as pivot at 2.2.2023 high at 2016.9 stays intact, expect rally to fail in 3, 7, or 11 swing for more downside.
CME_MINI:RTY1!
by Elliottwave-Forecast
3rd Dimension Analysis. One dimension analysis or the depth analysis can be studying into the financial data of a the company. . Two dimension analysis is when the investor or trader studying into the chart - Price & Time. . Third dimension analysis is where we combine one and two dimension analysis. Third Dimension Analysis = TA + Depth Micro E-Mini Dow Jones Contract value, $0.50 x DJIA Index Micro E-Mini S&P Contract value, $5 x S&P 500 Index Micro E-Mini Nasdaq Contract value, $2 x Nasdaq-100 Index Micro E-Mini Russell Contract value, $5 x Russell 2000 Index Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CBOT_MINI:MYM1!Short
by konhow
Did stocks just bottom? Are they going higher or lower?It looks like stocks bottomed today, but what is my evidence, and why would I say that? 1. This correction has been very orderly, and VIX has been going down along with stocks, which means something is happening. 2. Stocks have held exceptionally well despite rising interest rates and the DXY. 3. We have continuous liquidity injections by most central banks, and that doesn't just mean the BoJ and PBoC. Since the Sep-Nov issues that bond markets faced globally, even the Fed and Treasury have increased market liquidity. 4. Current debts can't be repaid. That's why bonds are going down (yields up). There is no way governments can't pay these dividends through taxation and can only repay them with printed money. Now you can hold both a depreciating asset that pays dividends and riskier assets. Chasing a fool's yield isn't ideal, but it's a strategy. Higher yields = more money supply will be created. High inflation isn't necessarily bad for stock markets, contrary to what the majority wrongly believes. 5. During this correction, sentiment has become increasingly bearish, with most investors being bearish. At the CryptoBullSociety, in private channels, as well as on my Twitter account, I have been talking about the market piercing the 200 DMA and bottoming. Yesterday I shared bullish ideas on Tradingview for metals and Chinese stocks, which also permeates to US stocks after such a substantial rise since Oct 2022; the market needed to test bulls and, as usual, pull into the golden cross before going higher. On their way up, stocks swept some highs and filled some gaps, but some gaps were left unfilled higher, along with some newly formed double tops. Even if markets are about to go lower, I believe SPX will first test 4350-4400 and then go lower. By lower, I mean more of a sideways market than a continuation of the bear market or an outright crash. So far, we have seen the major US indices pull into their crosses, test support, sweep lows, and today form a reversal candle. Below are many US-related charts showing all the potential targets (double tops, double bottoms, etc.). The reason why I call them targets is that the market tends to break these structures. As we've been trending higher, it's more likely we will first take out the double tops and then the double bottoms. Currently, nothing indicates a crash, while there are indications of a bottom being in. To be clear, I am not saying we are ready to fly to the moon tomorrow, although we could. Given the system's structure, with most governments being broke, more money will be created. Below you can see some charts of other stock markets, like the GER40 (DAX), UK100 (FTSE), and CN50 (CHINA). I also added the S&P500 value index, IVE. UK100 is at new ATHs, GER40 near highs seem to be in tight consolidation before expansion, CN50 appears to be back in a bullish trend after capitulation (something I talked about in yesterday's idea, which you can find below), and IVE almost made new ATHs a few weeks ago. My overall point is that sentiment is bearish, while I believe liquidity will keep increasing, causing a short squeeze that could last at least until SPX gets to 4350. As I've mentioned in my previous ideas, it's unlikely that we would get a 2000 or 2008 crash so quickly after the Fed started tightening, and if we get one, it will probably be in Q4 2023 or Q1 2024. The path I've drawn in the chart is what I see as the most likely one, followed by another significant correction. Of course, I could be wrong, so my stop loss is at 3840
FX:SPX500Long
by BitcoinMacro
1
Elliott Wave Projects Russell (RTY) Should Resume HigherCycle from 12.20.2022 low in Russell (RTY) ended with wave 1 at 2016.97 as a 5 waves impulse structure. The Index then pullback in wave 2. Subdivision of wave 2 is unfolding as a zigzag Elliott Wave structure. Down from wave 1, wave (i) ended at 1986.3 and wave (ii) ended at 2015.60. Wave (iii) ended at 1938.8, wave (iv) ended at 1984.20, and final leg wave (v) ended at 1906.20 which completed wave ((a)). Rally in wave ((b)) ended at 1970.30 with internal subdivision as a double three Elliott Wave structure Up from wave ((a)), wave (w) ended at 1964.1 and dips in wave (x) ended at 1921.30. Wave (y) higher ended at 1970.30 which completed wave ((b)). The Index has resumed lower in wave ((c)) with internal subdivision as an impulse. Down from wave ((b)), wave (i) ended at 1931.3 and wave (ii) ended at 1968.60. Wave (iii) ended at 1885.4, and wave (iv) ended at 1921. Expect the Index to resume lower within wave (v) of ((c)) to complete wave 2. Potential target lower is 100% – 161.8% Fibonacci extension of wave ((a)), which comes at 1791 – 1860.
CME_MINI:RTY1!
by Elliottwave-Forecast
Russell 2000 potential for bullish rise to overlap resistanceLooking at the H4 chart, my overall bias for RUT is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a buy entry at 1893.8737, where the 38.2% Fibonacci line is. Stop loss will be at 1722.0208, where the previous swing low is. Take profit will be at 2134.4378, where the overlap resistance is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:RUTLong
by VantageMarkets
Russell 2000 potential for rise towards overlap resistanceLooking at the D1 chart, my overall bias for RUT is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1889.4148, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 1722.0208, where the recent swing low is. Take profit will be at 2134.1183, where the overlap resistance is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:RUTLong
by VantageMarkets
The Russell Riddle: which chart is 2008? ($IWM W) For the answer, scroll down to the comment section. Two charts of $IWM weekly TF. One chart is current (as of 2/4/2023). The other is 2008 ,up to 4 candles before the 50% drop. Which one crashed 50%? The conundrum: why do we assess current price action as bullish, when a similar pattern resulted in the GFC in 2008? There are many possible answers, none of them wrong. The one that interests me is the possibility that our bias is more extreme when we have experienced (traded) the price history. In this case it means experiencing the climb from the October 2022 lows. The alternative is basing our bias on the price history in a chart but *without* experiencing the returns themselves. For example IWM's similar price action in 2008. Any difference in sentiment would be consistent with studies showing that decisions made from experience often diverge from those based on description.
AMEX:IWM
by gb50k
10
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.
CME_MINI:RTY1!Long
by Genesiv
Russell 2000 Potential for Bullish ContinuationLooking at the H4 chart, my overall bias for RUT is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Look for a potential buy entry at 1789.4537, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 1722.0208, where the previous swing low is. Take profit will be at 1911.6949, where the overlap resistance is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:RUTLong
by VantageMarkets
1
Yearly open price actionStocks closed pretty strong for the year, and the yearly open filled a gap very quickly. At the moment, I see very little evidence that the year will start with a massive dump, especially after 2022 was so brutal for stocks, bonds, and crypto. It looks more likely that things will first go up and then potentially go down. The market resuming its bounce makes more sense before it goes down again. In my opinion, Q1 has the potential to be a bullish quarter, with SPX getting even up to 4400. It might be a massive bull trap, but it's possible. I think the Q1-Q3 period has the potential to be very choppy and much choppier than people imagine. Instead of having a clear trend, we might see a ton of chop that frustrates both bulls and bears, and then eventually a resumption either to the upside or downside, depending on what global liquidity is like and how markets force Central banks to act. Even though I see a recession coming, I've been talking about how it wouldn't come in 2022 and that all we saw in 2022 was a slowdown and inflation, giving its place to disinflation. I doubt the recession will start in Q1 2023 and that markets might not crash until Q4 2023. At the same time, it's clear that the USD is in a challenging position and that the Fed is cornered while other central banks are increasing liquidity while raising rates. Maybe the market finally accepts that interest rates won't be higher than inflation over the next few years, and they price that in. Finally, we need to remember that the Fed started hiking in March 2022 and that the impact of their hikes could take anywhere from 12 to 24 months until they genuinely impact the economy. So let's focus on what the current price action is telling us on SPX, NDX, and RUT. On my main chart, I have S&P 500 and the potential scenarios I see. I see the Monthly Pivot and the critical breakdown zone being tested. We currently have a double top at 3880 which will most likely be broken. A lot will then depend on whether the market will close above the Monthly Pivot. If it does, it may go significantly higher toward 4350-4400. Until I see a close below 3750, I don't think it makes sense to be very bearish, as the market is trading in a range, so it could first take out the highs, then the lows, and then move higher. It's, therefore, better to take it step by step. For NDX below, we can see that the market has found decent support and could bounce. In my opinion, we will see new lows on Nasdaq much faster than all other indices, and I am pretty sure we will get new lows in 2023, even if we don't see other indices make new lows. For RUT, we are in a mini range, which is part of a more extensive range. And I think we first take the highs and then the lows. In my opinion, the market will trade both at 1630 and 1910, so it's all a matter of how we get to each point. Either way, both look very attractive for going long or short.
FX:SPX500
by BitcoinMacro
Russell 2000 Index - EXPLAINED - What, Why, Where, How?Small cap stocks, Penny stocks and pink sheets are the high adrenaline stocks investors play games in. They are generally the cheaper, highly volatile, some are illiquid and can fluctuate 50% - 1,000% a day. From the Wolf of Wallstreet glamorizing the potential returns for investors to your every day salesman broker trying to sell you the next winner. But what is the Russell 2000 Index and what should we know about it? I’m going to sum it up a bit of information about how it works and important facts you need to know Enjoy! WHAT IS IT? The Russell 2000 Index (listed in 1984) is a stock market index that tracks the performance of small-cap publicly traded companies in the United States. It is named after the Russell Investment Group, which operates the index. The share price can vary significantly, as it is made up of a diverse range of small-cap publicly traded companies. MARKET CAP Small-cap stocks are generally ones with a market capitalization of between: $50 million and $2 billion. CRITERIA TO LIST STOCKS There are a few criteria that needs to be met to qualify for the inclusion in the Russell 2000 Index: • The company must be a publicly traded U.S. company. • It must market capitalization of at least $50 million. • Must be ranked in the bottom 2,000 of the Russell 3000 Index, based on market capitalization. • Must meet certain liquidity requirements, including having a minimum average daily trading volume of at least 250 shares over the previous six months. • Must have a minimum of one year of trading history. WHAT IT CONSISTS OF The index is made up of the smallest 2,000 publicly traded companies in the Russell 3000 Index, which represents approximately 98% of the total market capitalization of all publicly traded companies in the United States. HOW IT OPERATES The index is reconstituted annually, with new companies added and removed based on their market capitalization and other factors. VOLATILITY & LIQUIDITY The Russell 2000 Index has a high level of volatility (greater price swings) and low liquidity (ease of flow of orders) compared to other large cap stocks. DANGERS WITH THE INDEX Currency risk: When the US dollar drops the index can follow Diversification: There is no sector for the stocks. When the index drops the stocks follow. Liquidity: You might find difficulties finding buyers or sellers to ease in or out of your positions. Volatility: The jumpiness in the market is highly erratic. Lack of analyst analysis: You’ll hardly see news coverage via the media which means, you could be left in the dark with what is going on in the companies. Liquidation risk: You have a higher chance at being in a company that is about to be liquidated due to financial issues, no growth, manipulation and cooking the books. Economic issues: When global economies collapse, stocks drop with it. Small cap stocks are no exceptions. This can affect the investment prospects .
TVC:RUTEducation
by Timonrosso
RUSSELL 2000 IWN is approaching a key levelIWN as shown on the weekly chart has been obviously in a downtrend as also shown by the EMA ribbon. Using the uptrend from the Covid crash into November 2021 and then a retracement from that, IWN is approchaing the 38.2 Fibonacci level at 128 From there it could bounce up or continue the downtrend. The Mass Index being below 27 suggests a continuation before any potential reversal. The MACD indicator shows the MACD in blue crossing down on the signal in red. This also suggests more downtrend. All in all, this analysis is bearish on the Russell index and its ETF.
AMEX:IWN
by AwesomeAvani
Jamie Gun2Head Trade - Buying US2000Trade Idea: Buying US2000 Reasoning: Oversold RSI on the daily, looks to be putting in a short term bottom Entry Level: 1685.0 Take Profit Level: 1759.0 Stop Loss: 1661.0 Risk/Reward: 3.08:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:US2000Short
by Signal_Centre
Jamie Gun2Head Trade - Buying US2000Trade Idea: Buying US2000 Reasoning: RSI bullish divergence, looking for a bounce on indices today! Entry Level: 1789 Take Profit Level: 1829 Stop Loss: 1776 Risk/Reward: 3.08:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:US2000Long
by Signal_Centre
RUT- Russell 2000 Mid Caps GOOD DAYS AHEADThe RUT ETF crashed with the COVID market phenomenon but then recovered better and faster than the SPY in 116 % of price appreciation in less than the one year that followed. Since then RUT retraced about 1/2 of that uptrend. Presently on the weekly chart, the price is relatively stable. The RSI bottomed out in the oversold territory and is now in mid-range with RSI above its Ichimoku cloud. All of this is positive or at least not the overly negative of doom and gloom. I believe that it will soon be time to begin a dollar cost averaging into some long-term call options on RUT as things are not as bad as the media, banks and large institutional players want to portray to retail traders and investors.
TVC:RUTLong
by AwesomeAvani
2