SPY/QQQ Plan Your Trade July 3 ReviewThank you for all the great comments and suggestions. I love the fact that I'm helping so many traders find success with my research.
This video is really a recap of this week while we head into the 4th of July holiday and Friday's big Momentum Rally day.
Please take some time to review the other videos I have posted on TradingView to learn better techniques and refine your skills. You'll see me use these techniques over and over again on my charts.
Have a safe and fun 4th. We'll go get some more profits on Friday and into next week.
Russell2000
SPY/QQQ Plan Your Trade For July 3 - Early ConsolidationGood morning,
This continued video series highlights my SPY Cycle Patterns and attempts to teach you how to read these patterns and the price charts to plan your trades throughout the day.
Remember, I'm only looking for the best opportunities for trading profits. I plan to avoid any CHOP or sideways price action as it is not my style to scalp in and out of trades every 10 minutes.
I expect the upward price trend to continue, but it will happen later in the trading day (after Noon ET).
I expect the SPY/QQQ to consolidate in the early portion of the trading day - moving sideways and possibly pulling downward after yesterday's strong rally.
I believe that the price must attempt to consolidate into the channels related to momentum; then, the price may try to resume another momentum move higher.
So, I'm going to be patiently waiting out the first 2.5 hours of the trading day, looking for opportunities to buy into lower prices near 11-12 Noon ET, and expecting the markets to move into a momentum trend higher.
What I do may be different from what you decide to do as a trader. I'm just trying to help you see and plan for opportunities throughout the day.
Remember, Friday should be a very large price range day with a Momentum Rally pattern. It is not uncommon for that pattern's momentum to bleed into the end of today's trading day.
It should be a good day for traders.
Get some.
Plan Your Trade July 2 - The Big Rally Day Is Here.This continued series highlighting my SPY Cycle Patterns continues this week.
Today, the Rally pattern is in Trend mode. This usually suggests a powerful potential for a moderately large upward price bar on the SPY chart.
Although, this morning, we are seeing a moderately high pre-market price below yesterday's closing price. Does this negate the Rally pattern?
Nope. The pattern is fixed. It will either become successful or fail.
Remember, these SPY Cycle Patterns have a (roughly) 70% to 80% success rate. Thus, we can rely on them for guidance, but we must always prepare for potential failure (just like when making trading decisions).
I'm sticking to the SPY Cycle Patterns today. I'm not worried about the deep, lower opening price right now. However, this profoundly lower pre-market price could prompt a substantial"wash-out" event for the shorts when the market shifts to the regular session.
It seems that today is going to be a "make or break" day. Watch this video to see how I will play today's price action.
Go get some.
Innovation, Robots, Tech, Applied Tech Will SkyrocketI thought I would share some of my research for everyone to review.
Most of my work involves deep analysis of the markets related to shifting capital function, core fundamental dynamics, and future opportunities.
If you are following my SPY Cycle Patterns videos (the Plan Your Trade videos) - you already know how powerful my predictive models are.
Now, I'm sharing with you my belief that ignored, undervalued, and overlooked stocks/sectors are about to explode - and there are hundreds of symbols available for you to consider related to this move.
One of the most significant moves in 2025 and beyond will be the resurgence of innovation, robotics, technology, and applied functions related to the current/past technology boom. This is the 1990s (again) - leading to the second growth phase in new applications related to improved AI/tech capabilities.
You can profit from it if you take steps to prepare for the next 24+ months right now. All you have to do is watch this video, learn why I believe these will be some of the biggest movers over the next 24+ months, and then make your own decisions about what to trade.
Follow my research. My goal is to make you a better trader.
Right now, and for the next 7+ years, the markets will be the greatest opportunity of your life.
US2000 Bullish side Money Heist Plan SetupMy Dear Robbers / Traders,
This is our master plan to Heist US2000 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level MA act as a Dynamic Resistance & Order Block, So the Market is overbought/ Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan.
Stop Loss: Recent Swing Low using 4h timeframe
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
SPY Launching To $600+ - Then $730+. Get Ready.Have you been following my research?
Do you remember when I called a major base/bottom on 12-28-2022?
Do you remember when I stated, "The capitulation bottom will surprise traders" on 3-20-23?
Do you remember when I called for a "Tech-Bump" rally on 3-25-23?
Do you remember when I updated that peak potential to $425 on 4-26-23?
Do you remember when I stated, "The capital shift intensifies" on 6-25-23?
Do you remember when I warned of a China Credit Event/Crisis happening in 2024 on 8-20-23?
Do you remember when I warned, "US Markets May Double By 2029-30" on 4-21-24?
Now, almost 15+ months after all of these updates/warnings/videos, I ask you to take a look at what's happened in the markets and prepare for the biggest opportunity of your life.
Yes, I see the US indexes (SPY, Nasdaq, Dow Jones, and possibly the Russell 2000) potentially doubling (or more) before 2030-31.
Yes, I see the SPY rallying to levels above $730 in 2025, then stalling into a WAVE-B correction.
Are you ready for something different - factual data reported honestly and with a proven track record? Not hype. Not doom-n-gloom (CRASH posters).
My research is designed to help guide you through the next 10+ years of your life - protecting your assets, learning to become a more skilled trader/investor, and learning to rely on proven technology/concepts.
Are you ready for what's next? Maybe you need to try something different?
RUSSELL 2000 to bottom soon on the 1D MA200.Last time we looked into Russell 2000 (RUT) on May 09 (see chart below), we expected a technical pull-back, and even though it gave one more week of upside, the index eventually did start to correct:
As mentioned then, we see similarities with the January - March 2022 Bear Flag but mirrored (Bull Flag). That pattern made a Double Bottom on the 1980 Symmetrical Support. Since however it was the 1W MA50 (blue trend-line) that offered the most recent Support (April 15), we expect the Double Bottom to take place this time on it.
The 1955 symmetrical level would be a fair projection but overall even on the current prices, the index is a solid R/R buy opportunity. Our Target is intact at 2293 (Resistance 2).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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US 2000 / RUSSELL 2000 Bearish Side Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist US 2000 / RUSSELL 2000 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
XAUUSD NFP ANALYSIS AND TRADE LEVEL 7-6-24 (2)XAUUSD NFP DAY ANALYSIS 7-6-24:
Spot Gold Prices and Market Movements
Current Trends: Spot gold prices have surged to $2,387, indicating hawkish market movements. However, with the opening of the UK session, a retracement to a low of $2,340.92 has already been observed.
Upcoming Data: Looking ahead, the release of the Non-Farm Payroll (NFP) data on June 7, 2024, is highly anticipated. Gold trading is expected to be cautious, with high trade volumes and significant numbers.
Market Closures: On Monday, the markets in China and Australia, which have a substantial influence on gold prices, will be closed due to holidays.
Influencing Factors
US Dollar and Treasury Yields: Several factors, such as hawkish Federal Reserve expectations, have revived the demand for the US Dollar across the market. Treasury bond yields have rallied to multi-week highs.
GDP Data and Jobless Claims: Thursday’s revision of GDP data from 1.3% to an estimated 1.6% suggests that jobless claims might increase, which could put pressure on the Dollar. This could affect gold values, potentially pushing them back to the $2,380-$2,400 range.
Heading towards NFP show as of writing XAUUSD SPOT GOLD Prices are crashing to $2338.45 cmp now and as mentioned in our last NFP the factors influencing gold on NFP day
This helped gold price attempt a modest comeback, having incurred steep losses on Wednesday. A surprise uptick in the Core figure will reinforce delayed and less aggressive Fed rate cut expectations, providing extra legs to the US Dollar decline while smashing gold price.
Fundamental Which Might Affect XAUUSD:7-6-24
NFP Scenarios Friday:
• 150,000 or Less: Could trigger USD selloff, boosting gold.
• 200,000 to 250,000: May keep focus on inflation without major USD impact.
• 250,000 or More: Could lead to Fed rate cut, driving USD rally and gold drop
• Crucial jobs report for May. April’s NFP increase led to USD selling pressure.
Upcoming Influences:
The future of gold prices hinges on the forthcoming US Core PCE inflation data, due later in the American trading session on Friday. The Core PCE Price Index is anticipated to rise by 2.8% year-over-year in April, maintaining the same pace as observed in March.
If the Core PCE price index exceeds expectations, it could delay anticipated aggressive Federal Reserve rate cuts. This situation tends to strengthen the US dollar while exerting downward pressure on gold prices.
Conversely, if the Core PCE price index shows unexpected softness, it may increase the likelihood of a Federal Reserve rate cut in September, potentially driving a further increase in gold prices.
Depending on forthcoming economic indicators, US inflation data might propel XAUUSD into the
$2288-$2250 Range or $2400-$2450 range
Technical Level and Analysis:
Buy at:$2323.69-$2306.23-$2286.23-$2261.91
Sell at :$2388.31-$2400.67-$2425.41-$2447.34
⚠️Warning: Do not risk more than 5% of your capital, you might lose your money
🔴Technical Status: XAUUSD: 📌
D1 SMA100-P (2260.90) Buy 🔺
H4 SMA100-P (2368.74) Sell 🔻
H1 SMA100-P (2347.88) Sell🔻
H4 SMA200-P(2351.01) Buy🔺
RSI(14): Status: Oversold
STOCHRSI(14): Status: Oversold
ROC: Status: Buy
William%R: Status: Buy
ATR(14): Status: Buy
SOC: Status: Neutral
⚠️Ongoing Geo-political Tensions: ‼️
Israel – Iran
Russia - Ukraine
US-China Relations
Middle East Instability
Taiwan-China Relations
Market is on its Upper Band - Its 2nd Camel HumpAll the major markets are testing their upper band channels since their first major hump in the 90s.
The Russell 2000 has reached its second hump and is on the way down. Though the Russell 2000 is the least known among the four indices, it serves as a leading indicator for the other three.
Why?
The Russell 2000 comprises 2000 mid-sized listed companies, which I believe employ the largest workforce in the United States. This means their employees are also the mass consumers who use or buy products and services listed on the Nasdaq, S&P, and Dow Jones. When the Russell 2000 is not doing well, mass consumers tend to spend less, and the rest of the indices subsequently follow.
Micro E-mini Futures & Options
Ticker: MYM
Minimum fluctuation:
Outright: 1.0 index points = $0.50
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
Russell 2000 H4 | Heading into 50% Fibonacci resistanceThe Russell 2000 (US2000) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,080.93 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 2,125.00 which is a level that sits above a pullback resistance.
Take profit is at 2,035.65 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
US2000 / RUSSELL2000 Bank Robbery planMy Dear Robbers / Traders,
This is our master plan to Heist US2000 based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 Plans with target in the chart focus on whether Long or short entry. Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
RUSSELL 2000 preparing for a long-term rally.Last time we looked at Russell 2000 (RUT) on April 01 (see chart below), we called for a pull-back towards the Symmetrical Suport Zone, which as you see took place and the price immediately rebounded:
We are now at the top of the Channel Down, which so far is a mirror of the January - March 2022 Channel Up and technically is the Handle of the long-term Cup and Handle (C&H) pattern and a Bull Flag. As long as the index remains within the Flag, one last test of the 1W MA50 (blue trend-line) is possible but our long-term Target of 2293.0 (Resistance 2) remains intact.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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US2000 / RUSSELL2000 Money Heist Plan in Bull sideMy Dear Robbers / Traders,
This is our master plan to Heist Bullish side of US2000 Market based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned the target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
US2000 / RUSSELL 2000 Bullish Robber plan to make moneyMy Dear Robbers / Traders,
This is our master plan to Heist Bullish side of US2000 Market based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned two targets in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
US2000 / RUSSELL 2000 Bullish Heist Plan to Make MoneyHello Traders,
This is our master plan to Heist Bullish side of US2000. My dear Robbers U can enter at the any point above my entered area in MA Pullback, Our target is Caution Red Zone. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful and Be rich.
Loot and escape near the target 🎯
support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot Everything in this market everyday with my master Plan.
Russell 2000 H4 | Bearish momentum to resumeThe Russell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1,984.39 which is a pullback resistance.
Stop loss is at 2,035.00 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance.
Take profit is at 1,916.07 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Russell 2000 H4 | Overhead pressures remainThe Russell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1,993.79 which is a pullback resistance that aligns close to a 23.6% Fibonacci retracement level.
Stop loss is at 2,030.00 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 1,929.38 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
RUSSELL 2000 Bottom of Channel Up. Buy signal.Russell 2000 reached the bottom of the (1d) Channel Up on a symmetric -9.20% bearish leg, like the one before.
It is holding above the MA100 (1d), same with August 25th 2023, which was also a -9.15% decline but the rebound failed to close over the MA50 (1d) and resumed the downtrend.
Trading Plan:
1. Buy on the current market price and as long as daily candles are closed over the MA100 (1d).
2. Sell if a daily candle gets closed under the MA100 (1d).
Targets:
1. 2230 (+13.61% rise like the bullish leg before).
2. 1830 (-15.63% decline from the top, like the March 24th 2023 low).
Tips:
1. The RSI (1d) is on a pattern consistent with -9.20% declines. It is approaching the 30.00 oversold limit.
Please like, follow and comment!!
Russell 2000 H4 | Heading into pullback resistanceThe Russell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,044.43 which is a pullback resistance.
Stop loss is at 2,070.00 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 1,966.22 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Russell 2000 H4 | Overhead pressures remainThe Russell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,054.82 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 2,110.00 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 1,993.79 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
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