Russell 2000 ETF (IWM) long.All description on the chart.
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Russell
Russell 2000 Price Forecast- All Time Highs?With new all time highs for everyone else, The Russell feels left out. If this beast gets too emotional, and wants to join in, I believe this is how it would look : )
- This is not financial advice. For Artistic purposes only.
E-MINI RUSSELL 2000 INDEX : LONGThe Russell index is a SME-oriented index that mostly addresses the American domestic market.
This index should generally show parallel movements with the Dow Transportation index.
In this respect, we received a good confirmation.
Determine the position size in small amounts.
For this analysis:
STOPLOSS : 1542.5
GOAL : 1743.5
RISK REWARD RATIO : 1/3
$US2000 $Russell2000 Triggered ShortBusted high sloped pitchfork rail. $SPY $VXX $IWM $QQQ $AAPL $MMM
Russell 2000 - The bigger picture...On a daily chart, the Russell is looking great, however, on the weekly chart shown above. The Russell is reaching a resistance on what we can see is a downtrend of lowers highs, and lower lows .
Take profits and protect your gains. This is a very bearish flag.
Value Line indexes Geometric and Arithmetic disparity comparedValue Line indexes Geometric and Arithmetic disparity compared to Russell 3000 (98% of US Total Market Cap)
RUSSELL (RUT) ON THE VERGE OF BREAK (-OUT OR -DOWN)Simmetrical triangle on the verge of coming to the apex.
RTY vs SPX - One of these is not like the other...Similar to our CL vs SPX chart; these two usually move in tandem, but the gap is widening. Is Russell leading, or behind schedule? My guess is the former.
3 Possible Outcomes for S&P 500 futures by ThinkingAntsOkToday we are going to explain the 3 different scenarios we have for E-MINI S&P 500 futures
First, let's analyze the Daily chart. Main Items we can see there:
a)Price is inside an Expanding Triangle, this type of structures are considered continuation patterns after the 5 waves inside are complete, now we have A/B/C/D and E is remaining, so by Elliott Wave Theory we should expect a Bearish Movement, towards the lower trendline of this structure
b)Price is against the 2 previous historical maximums, This zone is a major Supply zone, if price cant surpass this area, we would have a Triple Top pattern (Reversal Structure)
c)On MACD we can see a Bearish Divergence on the previous Higher Highs, that's show weakness of the current bullish movement.
Now let's take a look to the Global Context , Since 1st of May E-MINI S&P 500 futures developed a bearish movement, and one of the main reasons that trigger this -7% was the trade war with China, regarding that topic, nothing changed at all, all the opposite, the United States escalated the conflict by applying tariffs to China, and take really aggressive actions over Huawei. However, now we observe a full recovery of price with a situation that is far from finished. and is really difficult to explain this optimism on the market, based on the current global situation. On Wednesday China and the USA will proceed with trade talks on Japan G-20. We think that the final output of that meeting will have some repercussion on the Index, Bullish or Bearish.
Weekly Chart:
With all the previous Items already explained, let's see the 3 possible scenarios:
1)Price cant surpass the current Triple top pattern, and the beginning of a bearish movement starts again with similar behavior of the previous Down movements observed on FEBRUARY 2018 / OCTOBER 2018 / MAY 2019
2)Price keeps rising until finds resistance on the higher trendline of the Expanding triangle after that D wave of Elliott Wave theory is completed and a bearish movement starts again with the same characteristic of FEBRUARY 2018 / OCTOBER 2018 / MAY 2019
3)Price surpass the higher trendline of the expanding triangle and find resistance on the weekly ascending channel ( you can see it better on the previous image) if this scenario happens, the Idea of the Expanding Triangle will be discarded and now price can make a correction over there or even surpass it, However we think that this scenario is the most unlikely because that would mean that 3 Major resistances zones have been broken without correction, and using Technical Analysis us our forecast tool, that would be an extremely rare behavior.
Elliott Wave View: Russell Should Extend LowerElliott Wave sequence in Russell (RTY_F) from May 6, 2019 high (1621.9) appears incomplete favoring further downside. The bounce to 1571.5 in the Index ended wave X. Index has extended lower in wave Y and broken below the previous low on May 14 low (1516.7). This suggests the next leg lower has started. The internal of wave Y is unfolding as a double three Elliott Wave structure. Down from 1571.5, wave ((w)) ended at 1492.9 as a zigzag Elliott Wave structure where wave (a) ended at 1522.1, wave (b) ended at 1548.9, and wave (c) ended at 1492.9.
Wave ((x)) bounce is now complete at 1523.90 peak while below there should extend lower. We don’t like buying the Index, and as far as pivot at May 16 high (1571.44) stays intact, expect Index to move lower. Potential target to the downside is 1441.85 – 1466.32 area where cycle from May 6, 2019 peak reaches 100% extension.
Russell 2000: No man's land at the moment.RUT is practically neutral at the moment as the 1D Channel Down (RSI = 46.549, Highs/Lows = -4.0275, B/BP = -30.2779) keeps the index bearish while 1W (excluding the early Dec - late Jan extreme) supports it (RSI= 49.965, Highs/Lows = 12.4371) from a greater fall. So far Russell is a no-action asset but we are willing to go long on the upward break-out of the 1D Channel Down. TP = 1,600 and 1,620 in extension.
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The Russell 2000 Index (RUT) Sends Out Bearish Signal, Crash...The Russell 2000 Index, which tends to move before the S&P 500 Index (SPX) has broken below support with strength.
On the chart above we can see that the RUT broke through EMA50 and EMA100 like hot butter. This can lead to a retrace as far down as 0.618 Fib. just to start, it can go lower.
The MACD is entering the bearish zone with plenty of room left for more down.
The RSI is also looking extremely bearish.
If this index is an indication of how the conventional markets will move then prepare for some strong bearish action in the weeks ahead.
This quick analysis is shared as a follow up to my SPX analysis here:
This is just a friendly reminder.
Thanks a lot for reading and your continued support.
Remember to hit like.
Namaste.
The Russell 2000 Index (RUT) Sends Out Bearish Signal, Crash...The Russell 2000 Index, which tends to move before the S&P 500 Index (SPX) has broken below support with strength.
On the chart above we can see that the RUT broke through EMA50 and EMA100 like hot butter. This can lead to a retrace as far down as 0.618 Fib. just to start, it can go lower.
The MACD is entering the bearish zone with plenty of room left for more down.
The RSI is also looking extremely bearish.
If this index is an indication of how the conventional markets will move then prepare for some strong bearish action in the weeks ahead.
This quick analysis is shared as a follow up to my SPX analysis here:
This is just a friendly reminder.
Thanks a lot for reading and your continued support.
Remember to hit like.
Namaste.
Russell leading the consolidation pack?A quick update on the count for those following the index.
Nasdaq, S&P and Dow all starting to see some decent profit taking as we enter into resistance again. Here watching the Russell as there's a good chance the market has completed a 5 wave impulse move from the 16 lows.
The correction if the above assumption is right, means that this ABC retracement may have completed after we touched 1300 and we are now entering into a multi-month consolidation period. This will be a wide range, however, with plenty of opportunities on both sides of the pig.
Thanks all
Russell2000 (RUT) Crash Incoming (30% Drop)Looking at the RUT chart, I can see that a strong drop will be coming, this can be around 25-35%, but it can vary depending on how the markets develop.
The last crash happened back in 2008 for a huge 60% drop. We can expect something similar to happen now as support is found on EMA200 (orange line).
The bearish divergence is clear once again, if you take a look at the MACD and RSI.
Other stocks and indexes are also crashing... It is clear that bad news are coming to the conventional markets... Time to move to crypto.
Dow Jones Industrial Average (DJI) Preparing for a Huge Drop!
NASDAQ COMPOSITE (IXIC) To Continue Falling!
S&P 500 Going Lower (7%+ Drop)
Bank Of America (BAC) Will Drop Hard (90%+ Crash?!)
Make sure to share your valuable opinion in the comments section below.
Let us know what you think will happen in the years to come.
Namaste.
Equities' Last Push 7-31-18Friends, as you can see from the linked ideas I have been able to use fib levels to good effect when predicting where price will go. Let's use them once more! As we can see, the Nasdaq (as well as several other indices including the all-important Russell 2000) have been bouncing off respective fib levels. Russell once again seems to say GO. This time, however, I expect limited upside. It appears the markets are in a larger-scale consolidation. They may be rolling over or, as the case may be, gathering strength for new highs. I'm sure the exact move will depend somewhat on the news. I conservatively target the boundary of the consolidation for trade completion.
The Nasdaq in particular has been hard-hit due to poor numbers from tech names, and may be due for a rally.
A trade is Nasdaq at this level is a 1:4 / risk:reward.
Russell short (RTY) set up Short set up found on a 45min chart for the RTY Futures contract. Level is 1589.40-1585.50. 39 tick risk. Target at 1568. RR 4.5:1
RTY Russell 2000 Futures LongThe small caps have been killed but I think we may be in for a nice bounce targeting the 1590 area for 30 point upside.
Directional Bias: Long
Price Target: 1590 on RTY Futures
Good Entry: 1548-1555
Risk/Reward: Max risk of 10 points/30 point reward.
$RTY_F stuck in a 4 month Bracket CME_MINI:RTY1! Next move outside will provide some nice quick movement based on the amount of time growing inside this bracket.
