Nasdaq S&P500 big fall coming Nq!1 ES!1 qqq ndx spx r all downHi Everyone,
I will be posting my first idea after a long time. Here i am sharing my first idea.
I think Nasdaq and all other indices are up for a big fall
I have marked down the levels
I think we are in 3rd wave of 3rd of 3rd,... those who dont understand Elliott wave its allright...
this is 1.5 hours chart, I am looking for a bounce to sell from above...
Russell2000
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.
Trouble ahead? SPX VIXChart 1: Whenever the the Russell 2000 came down and got close (from above) to the SPX, the SPX went further down.
(Pleased ignore the first red dot to the left, as the Russell die not come down there to meet the SPX but vice versa)
Chart 2: Whenever the VIX, coming from a modest down, crossed the red line, soon further spikes in volatility followed (red dots).
Particularly if the the VIX should cross the red line soon, you might consider hedging your positions.
Russell US2000 Daily Outlook | 22 - AprYesterday was massively profitable for me. Today, once again lets see how price will react towards my expectations.
Note: Am not a mentor, i am just a random guy who journals his trades on TView for trading community to read and comment their opinion. This not a signal hence copy at your own risk!
Kings.
Elliott Wave Analysis: Russell-Small Caps May Face More WeaknessHello traders and investors!
Today we will talk about small caps - Russell 2000 Index in which we see nice and clean bearish setup, which means that Russell may face even more weakness in current risk-off sentiment.
From Elliott wave perspective Russell can be trading in bigger, higher degree A-B-C corrective decline, where wave C is still missing. We can see five waves of decline into first leg A, followed by a three-wave corrective rally in wave B, so wave C can be now in play.
From technical point of view, Russell made an impulsive drop from the highs and retraced perfectly back to the former wave 4 resistance area, from where we can already see sharp sell-off that can take us much lower, especially if breaks channel support line.
Well, seems like bears are still in control and we should expect more downside pressure in upcoming days/weeks, maybe even down to 1500 area, but firstly we want to see broken 1900 bearish confirmation level.
Trade well!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long Signal MESM22Buy Signal
Entry - 4458.50
TP - 4654.00
SL - 4388.00
For Daily Support/Resistance levels click here!
www.cannontrading.com
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future results**
Visit www.cannontrading.com to learn more about
the risk associated with trading futures.
Small-cap attack from the short sideLike other stock indices, the Russell 2000 spent most of the first quarter of this year under pressure and then recovered somewhat in March.
With the DMI having bear crossed today, we are taking an aggressive stance and shorting the index at around 2047. We'll record the trade below as soon as it's entered.
☑️RUSSEL 2000 (US2000): SELL➡️ Markets have been tumbling back and forth over the past couple of weeks amid geopolitical uncertainty, yield curve inversions and talk of a recession. And now we may have received a real bearish reversal signal in the major indices, especially the Russell 2000 Small Cap Index, which was already lagging behind the broader market.
Judging by the dynamics of Russell and a couple of other major indexes, there are indeed reasons for pessimism. The price is in a clear balance of 1878.80 - 2093 , which is most likely formed by sellers in order to push the price further down. The target for selling now most likely is the lower limit of this balance at 1878.80 (first of all) and further market participants will push the price to 1750.62 (second of all).
The mood for sales is very confident. The price area 2036.95 - 2093 will now contain growth and indicate the priority of sales. If the price goes higher, then the sale is called into question.
🔥 S&P500 & US30 Forecast Results 🔥
☑️S&P500: buy priority 👉 +124 points ✅:
☑️US30: stick to the short 👉 +305 points ✅:
➖➖➖➖➖➖➖
👍 Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Nasdaq, S&P500, Dow Jones, and Russell 2000 Forecast..!2022 started badly, but gives investors a generous opportunity to take some chips off the table..!
The major difference between a Bullish rally and a relief rally is Volume..!
In the past 14 years, I have read 100-150 K pages of books and articles about financial markets, never read a sentence that indicates a bullish rally with lower than average volume is sustainable..!
SPY:
QQQ:
TSLA:
The similarity between 2022,2008, and 2000 becomes more obvious each day..!
Forecast:
The most probable situation is testing green lines once again in the coming weeks..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Perfect Retracement for Small Cap Index The Russell 2000 index $IWM retraced and bounced perfectly off the 38% fibonacci level. Actually it bounced twice, which created a double bottom at the 38% retracement level. This strong level of support suggests the bottom may be in and small caps may start to lead the market up again.
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.