Russell2000
$RUT - Short Term Long, Positive DivergenceWe have seen sharp sell-offs last week across the U.S. Indices, however, the Russell has been leading this sell-off as it started to break down much earlier.
What we can see now, is a possible exhaustion in the short-term and we could be due a bounce next week. One indication that is really pointing towards upside next week, is the positive divergence we have on the 2H chart. We see RSI making higher highs and the price making lower lows, this is giving me an indication that we could see a bounce next week.
Look for targets upto the 1613-1620 region.
Twitter: - @B15HU
www.long2bear.com
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.
Stock Market Update for 15th October 2018Good day trader, here we are ready to kick start another trading week. The retail sales data got released before markets opened in the US and seems softer because of the small negative; the market may interpret this positively given it mad slow some fed action.
Couple of nasty days last week and finished with a consolidated pattern, the Asian stocks put in a new low but we managed maintain our Friday predicted range, if we rewind to get perspective on our major indices we broke the trend line though we expected a retracement by touching the support and coming down to 25,000 points on the DOW which is a decent place to hold off and experience balance in the market.
The buying demand occurred at 25,972points before the breakout to the down, so for 15th October it probably will trade up to 26,000 points and if break up to the 26,500 points. This will be constrained at 26,000 points because the overnight distributed volume for the DOW is below the bulk of the transaction from the previous 2 trading days. However, of we have a break to the upside from the S&P 500, the DOW is likely alike.
S&P 500 came down to 2730 demand level below 2800 in a short order after breaking through 2800. On the S7P 500 we are not still at the previous corrective move from the crossing of the trend lines. Despite the magnitude of the selloff we are still not at the previous demand level of the previous sell off.
S&P 500 overnight volume occurred between 2740 points and 2770 points and the bands coming closer with a decent breakout. With the room above there is the possible sneak back up to 2842 and 2850 points with a tradable bounce and it is a smaller range than the NASDAQ. We need to be able to catch the momentum downwards if we cannot catch the trade up to 2842.
NASDAQ 100 is at a logical location to experience a possible balance but organisation like Microsoft have already started bouncing off from the lows likely around 5% while some have not caught up. The idea is we may be forming a bit of a logical reversal pattern; on the short term.
A similar overnight setup occurred with a more developed reversal in the NASDAQ 100. A resistance is at around 7,400.95 points in the short term with a possible buying pressure at 7204.67 points, this may be the high for 15th October in the NASDAQ 100 or can trade up to the 7400.95 at breakout.
Russell 2000 seems unhealthy because of the sell off and I may be taking a bearish positon for Russell because of the level of violation. The Russell touched the 200EMA and the trend lines violated increasingly. Market traded below the lower level of demand and seems weaker with the bears in control
We are experiencing weak dollar because of the retail sales number with a negative.
Conclusion
to action trades in these volatile times require traders to pay attention to the spread when trading especially options because they have widen. I will recommend traders to use the covered call strategies in this season of high or increase volatility.
Dow Jones 23400 PredictionAccording to the trend lines a break down is imminent, chart is self explanatory. Only after 23400 is broken a total collapse to 2017 levels is possible.
The preponderance of evidence: IWMThis is part of a series of charts which I will posting for the reader to make up his/her mind based on the weight of the evidence.
Do note, these are weekly charts which means the implications of which will occur over the next 12, 18, 24, 36 months.
SCHLFundamental Score 34
It had been in an ascending channel for a long time but recently has been having difficulties producing higher highs. Our last was its first lower high. Its sitting on weak support currently as most things are.
This will be a good one to short as well.
Bearish divergence. And the Stoch is turning over and crossing at the mid point.
The Biggest Bubble in History #RUTThis is a long term chart showing how we are due for a long term correction on the Russell 2000.
Take away the top 20% of companies in this index - and the fund is already negative for the past few years.
Big shifts coming in the market over the next few years. Make sure you are ready to survive the flood of fiat and cross the blockchain bridge sooner than later!
Stay cryptic Ya'll.
BK
US Indexes WeeklyI see uptrend atm
target ~200% ext confluence as wave 5
decent RR
williams trader beta calling long and indicators look good w the fractal breakout recongnition
manage your risk
gl hf
xoxo
snoop
Market recapSome important macro events that went on for the week with a weekly performance report for the 4 major indices on the US stock market. If you would like anything else added to the chart comment below.
A major market correction expectedRussell 2000 index has been moving up in a sequence of five Elliott waves since 2009. This progress is coming to an end in a few months.
It has completed four of the five major waves on a monthly time frame (dark blue). The fifth wave that has been in progress since 2016 has already completed four of the five waves. It is currently going up in the fifth wave.
Interestingly, if you check the weekly chart below, the fifth wave is also nearing completion. It has completed four sub-waves (green) and is currently in the fifth sub-wave!
If you zoom in further and go to the daily time frame, the fifth sub-wave is currently in the second micro wave (turquoise). After the completion of the correction, this wave is going to extend to around 1800 level and then start the correction (see below).
The correction is expected to take Russell down to around 1300 levels (red waves).
Weekly chart
Daily chart
S&P HIT 50% FIB TO DOWNSIDES&P 500 has hit a huge fibonacci level to go down lower. Coincidentally the other 3 major US indexes have hit a high to low 50 as well. The Nasdaq, Dow Jones, and Russel have also hit this level. There is a good chance this continues to the downside. In order for the markets to be bullish again the indexes would need to break above the 61.8 (red line) with strong momentum. TO SEE THE OTHER FIB SETUPS ON THE INDEXES GO TO @DANTHETRADEMAN ON TWITTER. ALL FOUR INDEXES ARE DRAWN WITH THE FIB. twitter.com
RUT hits an important FIB levelRUT hits an important Fibonacci extension level. Short Fed decision spike against 2% StopLoss
Russell 2000 USA lot is going on in here and a lot needs to be taken out to reach this bearish scenario to take place, but YES! it is possible and I am going in for this with stop at 1645/50. This needs at least 2 weeks bearish trend to play out for the price to reach 1460 Area or maybe just maybe if the markets get stretched than 2nd Quarter will be my target. The graph is self explanatory so i wont go into detail but Fingers Crossed. based on last 3 months action this does look attainable.
Russell 2000 - ShortRussell 2000 is overbought with three gaps up on daily and it is time for profit taking.
*This information is to be used for educational purposes only.*
RUSSELL 2000RUSSELL 2000 Index did exactly what i mentioned in my last 2 charts. we are forming a double top, So its time to see if we are going for a breakout or a double top and shorting from there.
RUSSELL2000 US INDEXAs i had mentioned earlier in my chart, Russell 2000 has done what was expected of him. Sure it went done first to take out stops but eventually it did not take much time for him to get right back up, we still have more room to the upside left before we see some side ways trading. As its still in the range bound territory so bears will have there way once again as well.
