Calls Russel 2000Price is landing on an important support zone, weekly support. I'm buying calls as shown. I think the double bottom pattern still active, and this is just a test of the broken resistance at 200.
Russell2000
Timing the market. IWMWhat we know? Oil is likely bullish in 2nd Half (24'). BTC leads the small caps. TNX usually works as a head wind (and has took a pause). Rate cuts are very bullish for small caps and financials benefit in this environment?
technically; the 20dma works as a driver. 50dma and 200dma just gives you context. You can add MACD to confirm things.
Im speculating that small caps breaks out in mid April.
U can fact check using IWM/SPX.
US2000 / RUSSELL 2000 Bearish Robbery PlanHigh risk Heist Plan For Scalping,
Ola Chicos, The Great Indices Traders,
This is our Day Trade master plan to Heist Bearish side of US2000. my dear Looterss U can enter at the any point below my entered area, Our target is Green Zone that is Police awaiting for us. We can escape in the Target area. There is a chance to move opposite direction. Be careful.
Small Caps take the lead. 50% gains ahead for $IWMCredit to Mr. Tom Lee for this one. Small caps are at a multi-decade low in value relative to the S&P. The Fed beginning to cut will be the catalyst for a huge move in the Russell over the next 12-18 months
US2000 / RUSSELL 2000 Bearish Side Robbery PlanHola Ola Robbers,
This is our master plan to Heist Bearish side of US2000 / RUSSELL 2000 Market. my dear Robbers U can enter at the Moving Average pullback, Our target is Caution Zone. We can escape in the Target area. Guys If you loot some money please take it partial. This is high risk heist plan setup, Because we are going to Steal is the Indices Market. so you should take care of yourself, Be patient and careful.
RUSSELL 2000 Testing key 2022 Resistance. Rejection or breakout?Russell 2000 (RUT) finally hit our 2140 Target, which we called for on our last pull-back and buy signal (December 28 2023, see chart below):
Even before that signal, we caught the ideal bottom buy for a full bullish swing:
At the moment the situation is different as the index is on full bullish technicals, having hit the 2140 Resistance which was formed by the March 28 2022 High. Needless to say, breaking above this 2-year Resistance opens the way for a Resistance 2 (2293) test.
We believe the key here lies on the 1W (weekly) closing. As long as Russell fails to close a 1W candle above Resistance 1, we will wait for a buy on the 1D MA50 (red trend-line). If it falls and closes even below the 1D MA50, we will add a last buy on the 1W MA200 (orange trend-line) and the top of the Symmetrical Support Zone, where all candles of the Jan - March 2022 Bear Flag closed.
Our expectation is that this uptrend will form a Bull Flag, in similar fashion as the 2021/22 downtrend formed a Bear Flag. If on the other hand the index does close a 1W candle above Resistance 1, we will have a technical bullish break-out and on that occasion, we will buy on the spot. In all cases our medium-term Target will be 2293 (Resistance 2).
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IWM Russell2000 11% UP ?Russell 2000 index - exit from channel towards long, above average 150, depends on the drop in interest rates in the US, potential increase 11% & more.
Only an idea and not a recommendation for trading!
Major Indices: Macro SR Fibonacci SchematicsHere we have every major American indices in the world including the S&P-500, Dow Jones, Nasdaq, and the Russell 2000. This list excludes major foreign indices. For this idea, we have 2 boxes per indices. This is so we have room to include all schematics in the blueprint (chart). Let us define each indices and then we can talk about what makes each individual box up.
1. S&P-500 = (Standard and Poor's 500) Largest publicly traded companies in the US. (Benchmark for the overall US stock market and economy)
2. DJIA = (The Dow Jones Industrial Average) Tracks 30 large, publicly owned blue chip companies. Indicator of the health of the US economy, especially in the Industrial sector.
3. NASDAQ Composite = Heavily weighted towards the tech sector. Includes 3,000 stocks/all stocks listed on the Nasdaq stock exchange.
4. RUSSELL 2000 = Measures performance of 2,000 smaller-cap American companies. There's a distinct difference from the small cap measurement of the Russell and big caps like the S&P.
Now, each set of boxes are entirely different. There are no schematics in more than one box AT ALL. EVERY SINGLE BOX is 100% unique. Now that we know this lets examine...
1. Both S&P boxes include the following. 2 sets of schematics, a set of fib circle pairs, and a set of Fib Forks for EACH BOX.
2. Both DOW JONES chart have a schematic each. The 1st box has a set of fib circles but not the 2nd. The 2nd has a set of Fib Forks and so does the 1st.
3. Both NASDAQ boxes have a schematic each. Also, each has a set of Fib Spikes AND Fib Forks.
4. Both RUSSELL boxes have a schematic each. Each has sets of Fib Forks with the important ones highlighted in either black, yellow, or white to show the variety and how each different set reacts differently.
One must see that the different thickness and colors of separate sets of schematics are to distinguish them from its surroundings. My own forged Market Theory is that there is a BASE SET of Fib Extensions in the background which makes up our structure. Then, in the foreground, we have our Fib Spikes and then we lay over our Fib Forks. Finally, we have a totally finished, CLUSTERED, Schematic. SO, every single schematic that I make is all just individual schematics clustered together.
Hyped about the possibilities of NQWhy I'm so hyped?...
We just had a perfect start of a Bullish weekly model. Bearish Mon-Tues. stablishing weekly lows on Tuesday. Next will be the setting of the Weekly highs on Wed-Thursday with the following distribution on Friday if any.
If you look at the NQ chart we went from internal to internal with big boy rejection of that 4H level. Normally under these circumstances price goes from internal to external. Our next external is 18026 about 200 points away from current price.
Now, I do not expect for us to go straight there everyone here knows price does not move like that but the case is being made by several factors
A Weakening Dollar after the Monthly area rejection
A strengthening Bond market - so-so
Strength in the small caps which is usually a good indication of risk on scenarios
Election year (Never discount the power of Big Brother)
Lets see what happens.
Russel 2000 WeakLet's take a look at the Russel 2000. This index seems to be the only one between the Dow, Nasdaq, and S&P that is failing to break to new ATH while they are.
What we're seeing is a triple top/triple resistance in Aug 2022, than again February 2023, and again August 2023 which was confirmed with a break down to the lows of October 2023 before more manipulation came into play. Some will say inflation is declining and talks of rate cuts seems to be the reason markets rose, but from what we are hearing today from the Fed is that rate cuts aren't likely as they continue to backtrack and downplay rate cuts.
Perhaps, they know something before we do... perhaps double peak inflation like the 1970s? Just as everyone believes its declining, surprising new data comes out that proves otherwise? Let's see.
Once again we see the Russel 2K failed more recently to break and hold above 2020 with constant rejections. This would be the 4th rejection and we could be on the 5th rejection. And why not? Banks once again are starting to shake, with JPMorgan losing deposits, NY Community Bank failing, banks invested in CRE are tanking and this before the big ending to their Bank Term Funding Programme (BTFP) officially ending. Look at the chart for it, it spiked in March 2023 with the failure of SVB, and it is spiking once again Jan and Feb of 2024. Something coming down the pipelines?
I shudder when I see markets breaking ATH, because it has ALWAYS meant markets are more vulnerable to bad news (be it financial, economical, or geopolitical). What we're witnessing is a market that is getting fundamentally weaker and weaker. The economy does not support equities hitting ATH, as earnings are revised lower, personal debt is $17 TRILLION dollars (an ATH) and personal savings are at an all time low. This is not including the decaying jobs market, retail, national debt, manufacturing, consumer sentiment and so on. The floor is a 1 centimeter sheet of ice and it's warming up. This bubble is poised to pop any moment now.
My advice
Obviously, be vigilant. If you are holding positions from a lower price point and you are making profit, I say hold until whatever event happens and breaks the glass floor. If you are new money looking to invest, I can not suggest investing now at the top with such toxic economy and financials. Do your own research, look at the economic data and see if any of it or at least majority of it gives you peace about investing. People are broke, debt is exploding so retail will inevitably collapse and since we're a retail based economy, you can imagine what comes next.
Targets for Russel 2K - IWM
1) 1915, if we break that then
2) 1730, if we break that then
3) 1680, if we break that then
4) 1630, if we break that then run for the hills.
Russell ready to rocketThis is the most asymmetrical reward to risk trade I see right now of all the markets I follow. As I do the math, there is a potential reward of $10 for every $1 of risk. I dream of set ups like this. Of course, that does not mean it will be a winner. TVC:RUT $M2K_F
IWM: 4 Hour Bull Flag targeting Top of Ascending ChannelThe IWM(Russel 2000 ETF) is consolidating in what looks to be a Bull Flag and if it breaks out the target would take us to the top of the macro Ascending Channel which would take us to the resistance zone of $200-$210. If I had to guess I'd say IWM could likely make its way up to that level by the end of next week.
US2000 H4 | Downward trend to resumeUS2000 is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 1,944.21
Why we like it:
There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 1,988.39
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Take Profit: 1,874.74
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement level
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Russell continues downhillThe Russell 2000 small-cap index having failed to maintain support at 1968, a short futures position might be worth adding to. We wouldn't start one here, though.
Will US2000 find buyers at market?US2000 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Previous support located at 1924. Preferred trade is to buy on dips.
We look to Buy at 1925 (stop at 1905)
Our profit targets will be 1975 and 2010
Resistance: 2010 / 2080 / 2110
Support: 1865 / 1820 / 1775
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iShares Russell 2000 ETF - Waiting for a better opportunity iShares Russell 200 - AMEX:IWM
I'd be waiting for an opening
▫️ Break above overhead resistance
▫️ Bounce off the base support
▫️ Min 200 week MA bounce (tight stop).
A wait and see from me
🚨Declining On Balance Volume (OBV) not ideal.
✅Upward sloping 200 week is a positive
Buying is now Detected on All 4 Major US Indexes DOW and Russel showed Buying in the few sessions in the LAST WEEK and today S&P500 and NASDAQ have joined in. UMVD or Unusual Market volume Detector is showing GREEN for all 4 Indices today. Also, US Market Strength Index (US MSI) is showing green in todays session.
Now TREND IS STILL DOWN as seen with the Red TrapZones so, Bulls have a lot of work to do still.
Trend Lines & Their Significance in Minervini's Trading StrategyIntroduction
In the world of stock trading, trend lines are vital tools for investors and traders alike. Mark Minervini, an acclaimed swing trader, is known for his strategic use of trend lines in assessing the strength of stock movements. This article delves into Minervini's approach, highlighting how he utilizes trend lines to identify optimal trade entries and exits, and emphasizes the significance of upward trend consistency in his methods.
Utilizing Trend Lines to Gauge Stock Movement Strength
Minervini leverages trend lines to evaluate the momentum and strength of a stock's movement. By connecting the lows in an upward trend or the highs in a downward trend, he creates a visual representation of the stock’s trajectory. This technique allows him to discern the stock's current trend, be it bullish or bearish, and gauge its strength. A steeper trend line indicates a stronger movement, whereas a flatter line suggests a weaker trend. In Minervini’s strategy, the angle and longevity of these trend lines are critical factors in assessing a stock's potential for continued movement in its current direction.
Identifying Trade Entries and Exits
Trend lines are more than just indicators of stock movement; they are crucial for identifying potential trade entries and exits. Minervini uses two types of trend lines: support and resistance. A support line is drawn along the low points of a stock's price, indicating a level where the price tends to find support and bounce back upwards. Conversely, a resistance line connects the high points, highlighting a price level where the stock often faces selling pressure.
For Minervini, a break above a resistance trend line signals a potential entry point, indicating that the stock might continue to climb. Similarly, a break below a support line might suggest an exit point or a short-selling opportunity, indicating that the stock could be entering a downtrend. These trend lines, therefore, play a pivotal role in his decision-making process, guiding him on when to enter or exit a trade.
The Importance of Upward Trend Consistency
In Minervini's method, consistency in an upward trend is a key factor. He looks for stocks that show a sustained upward trend, marked by higher highs and higher lows, which are typically indicative of strong buyer interest and positive momentum. This consistency not only suggests a robust bullish sentiment but also provides a measure of safety, as stocks in a consistent uptrend are less likely to experience sudden drops.
Moreover, Minervini emphasizes the importance of volume in these trends. An upward trend accompanied by increasing volume can be a sign of strong investor confidence, adding further credence to the strength of the trend. Conversely, an upward trend with declining volume may signal a loss of momentum, prompting a more cautious approach.
Conclusion
Mark Minervini’s use of trend lines is a testament to their importance in stock trading. By carefully analyzing these lines for both support and resistance, and prioritizing stocks with a consistent upward trend, he is able to make informed decisions about trade entries and exits. For traders looking to enhance their strategies, incorporating Minervini's approach to trend lines can be a valuable addition to their trading toolkit, offering a clearer perspective on the strengths and potential directions of stock movements.
RUT 2K Fell 17.50% After the Last U.S. Credit DowngradeIf you haven`t bought the RUT 2K regional Double Bottom here:
On Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing "a steady deterioration in standards of governance."
This downgrade occurred following last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which put the nation at risk of its first default.
Following a similar credit downgrade in the past, the RUT 2K Russell 2000 experienced a sharp decline of 17.50% within a three-month period. S&P, one of the three major credit rating firms, downgraded U.S. debt on Aug. 5, 2011, after another significant debt ceiling battle.
Presently, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022.
Even though is not likely, a 17.50% decline will lead to a Price Target of $1630 for RUT 2K.
Looking forward to read your opinion about it.
RUT 2K Price Prediction for 2024If you haven`t bought the Double Bottom on RUT 2K:
Then you probably know that small caps haven`t participated in the 2023 market rally.
That`s why I believe investors will will for opportunities in the small cap stocks in 2024, and Russell 2000 index might offer a bigger return than the S&P this year.
My price prediction for RUT 2K is $2560 by the end of the year.
IWM - Russell 2000 - SHORT (Wyckoff Re-Distribution)IWM looks to be reaching the UTAD stage of a Wyckoff Re-distribution schematic.
Lowering volume in the lead up to UTAD provides confluence to the idea. Expecting price to return to linear regression trend line around 120. Price could extend further, but I expect we are nearing the top of this rally and a sharp correction in 2024.
Take profit level of 120 coincides with a fibo extension of 1.618, so further confluence there.
Markets are overinflated and this move would revert price back to the long term mean.
RUSSELL 2000 on a 20 month High! Is it sustainable?Russell 2000 (RUT) gave us an excellent buy entry on our last call (see chart below), as we achieved the most optimal buy near Support 2 and rallied all the way to our 2000 Target:
The Resistance Zone broke and this delivered a new 20-month High on the index, the effect of which is more accurately seen on the 1W time-frame. The question is, how sustainable can this rally be?
Well as the 1W RSI is only 3 points away from getting overbought (70.00) for the first time since March 2021, having also entered the 2 year Higher Highs Zone, it becomes less and less sustainable. In fact a less risky medium-term strategy would be to start selling and target the 1D MA50 (red trend-line). That is where we will reverse to a buy and target Resistance 1 at 2140.
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$PLTR - Palantir extremly oversold on the Weekly. Time to BUY!!?TA on NYSE:PLTR as some traders seem worried about this steep selloff the last 3 trading days. Also, briefly discussing the fundamentals of the Company. #AlexKarp
