Russell
US2000 has more room to fall !!RUSS2000
Intraday
We look to Sell at 1699 (stop at 1714)
We look for a temporary move higher. Risk/Reward would be poor to call a sell from current levels. The bias is still for lower levels and we look for any gains to be limited. Previous resistance located at 1700. Expect trading to remain mixed and volatile.
Our profit targets will be 1645 and 1605
Resistance: 1700 / 1750 / 1945
Support: 1640 / 1470 / 1200
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IWM Update: 28 AprilThe Russell is approaching a potential target zone. In this video I share an idea how to trade it with a Broken Wing Butterfly that will benefit from time decay during a potential re-accumulation. It has defined risk in case the selloff continues, and no upside risk in case the bounce happens earlier or is faster than anticipated.
FOMC Party is over folks!End of the relief rally after FOMC. Lots of shorts squeeze for the big expiry today. We should see a sharp pullback now.
We hit multiple resistances on Russel 2000 on multiple hourly, daily and weekly chart. Current price : 2050, Target is back to 1900. SL 2110
Disclaimer : I have short positions in Russel 2000 as mentioned here. This is not an investment advice but an educational idea.
Elliott Wave View: Russell Futures (RTY) Looking to End 5 WavesShort Term Outlook in Russell Futures (RTY) suggests the rally from February 24, 2022 low is in progress as a 5 waves diagonal Elliott Wave structure. Up from February 24 low, wave ((i)) ended at 2071.30 and dips in wave ((ii)) ended at 1911.80. From there, Index resumed higher in wave ((iii)) which ended at 2097. Internal subdivision of wave ((iii)) unfolded as a 5 waves impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 2018.30 and pullback in wave (ii) ended at 1970.30. Index continued higher in wave (iii) towards 2086.90, dips in wave (iv) completed at 2047.90. Final leg higher wave (v) ended at 2097 which also completed wave ((iii)) in higher degree.
Pullback in wave ((iv)) ended at 2039.80 with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((iii)), wave (a) ended at 2044.20, rally in wave (b) ended at 2063.40, and wave (c) lower ended at 2039.80. This completed wave ((iv)) in higher degree. Wave ((v)) is now in progress in 5 waves. Up from wave ((iv)), wave i ended at 2079.90 and pullback in wave ii ended at 2043. Near term, while Index stays above 2039.80, and more importantly above 1912, expect Index to extend higher in wave ((v)). As far as pivot at 1912.03 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.
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.
$IWM Key Levels, Analysis & Targets$IWM Key Levels, Analysis & Targets
My targets for the next swing.
Target 1- 184.57
Target 2 - 159.26
Support around 142 (not labeled today)
Let’s see what the IV is at the time when it hits to determine sell targets.
GL & happy swinging…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…