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Russell3000

Russell 2000 Futures Next Leg Down -10%Russell 2k $RTY1! broke below the 200 EMA on weekly and failed to regain 1800 as support. As the canary in the coal mine, the Russell 2000 comprises of the 2000 smallest stocks of the Russell 3000 (broad capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S stock market) and provides a solid bellwether for forward facing trends. Next move is a 10% markdown from 1700 to 1550. From there we will likely see a failure to regain 1600. With Q2 earnings coming and early signs of margin compression in the face of rampant inflation ($NKE earnings revealing some weakness), expecting to see 20 EMA crash below the 200 EMA with the 50 EMA following closely behind. On balance volume reflecting a downtrend that really gained momentum in late March / early April with no sign of reversing in the near-term.
CME_MINI:RTY1!Short
by R0MM3LL
Traditional market analysis 12/06/2021 #3Hello everyone! Once again I'll have to repeat myself by saying that despite the fact stocks are overvalued, there could be much more upside. Given the way central banks and governments are acting, it is hard for me to see stocks reversing any time soon. Yes there will be some pretty strong corrections along the way and at some point a big bear market. But to me it looks like we are more in a situation like we were after breaking above the 2000-2008 highs or in 1987 than we are in 1970s or 2000s. Other than the US all other stock markets were very depressed for 1 or even 2 decades. European stock markets have been showing a lot of strength and their charts are indicating significant upside from here rather than downside. Below I have added some European indices which all seem very very strong and with significant upside potential. In 2020 and so far in 2021 we had the US initially show most strength, then Asia and now Europe. Of course this doesn't mean the US market is in a bad spot or anything. Quite the opposite. Actually European markets doing well is a very good sign for the risk on sentiment. Bond yields have been going lower in several places although some Central banks are raising rates. In my opinion in the EU and US we won't see higher rates any time soon and there is no other way out of this massive debt hole we are in. To me negative real rates are boosting stocks, as long as we don't see Oil getting completely out of control. As long as oil stays below 100$/barrel for some time and doesn't shock the market we could be OK. The same goes for most important commodities and especially Copper. Currently the Russell 2000 is looking like it is about to come out of long period of re-accumulation. The Russell 3000 seems to be in a very strong uptrend that has the potential to continue even higher. We have no idea how massive this bubble could get as the biggest bubble is actually in the bond and currency markets. At least that's my opinion at the moment. This doesn't mean I think we will have hyper inflation or sustained inflation for more than 2-3 years, but it isn't impossible. Unfortunately policy makers are taking a ton of bad steps that are compounding little failures in the 'system' and eventually that will break either through social arrest or a market collapse. It's just not time yet and markets aren't that irrational yet... so dips are for buying and currently being long seems better than being short. Where am I wrong at least for the short term? If the Russell 3000 closes below 2350. That's where my mental stop loss is. s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com
TVC:SPXLong
by BitcoinMacro
RUSSELL, Decisive Situation, Important Conditions To Fulfill!Hello, Traders Investors And Community, welcome to this analysis about the recent events, the current price-formation and what we can expect the next days and hours from on of the major leading market-indices we have in the stock-market the RUSSELL 3000. As it is building 98 % of the US-economy with its 3000 major companies it is an important index which should be contemplated when looking on the overall stock-market-situation currently developing and in the end make better decisions in trading, as we saw the index going up since the heavy corona-breakdowns it is now on a historical step into confirming the further bullish trend or falling below important support levels to confirm bearishly. Compared to the S&P 500 the index is not that strong at the moment because the uptrend is not that volatile and with more breaks than the comparison index S&P 500. Right now the whole market is in a fundamental decisive phase, I made already analysis about this subject which I highly recommend you to watch when going on my account. When looking at my chart we can examine that the index now confirmed bearish two major trendlines which you can see marked in blue to the downside which showing up as solid bearish signals, the more trendline of such a sort are broken the more increasingly possible gets the bearish continuation possibility. Furthermore, we have the 60- and 800-EMA that you can see marked in orange and black in my chart which serving as significant resistance levels in the structure, currently the index is testing the 60-EMA and falling below it which can result in more bearish decline and a test of the 800-EMA, when this EMA can not hold and the index falls below it this will show one more confirmation to the downside. The next important support and the last line of support is the third rising uptrend line in blue which definitely needs to hold to establish solid support here and show the possibility for a bullish recovery and confirmation on the plan when this last support line does not hold the bearish pressure will increase heavily in the bearish ground you can see marked in my chart. The current situation is a historical situation where not only the RUSSELL but the whole stock-market has to decide in which direction it is going and as there is coming news about a second corona wave and new restrictions resulting out of it the remaining uptrend should be looked at with a critical eye, also this uptrend establishing is till now only a recovery where many stocks did not provide any new highs and a vast majority of the market is still below the all-time-high conditions, in comparison to the economy it has to be noted that there are big differences between the real economy and stock-market as the real economy is still damaged out of the corona-crisis and the stock-market making gains, to succeed further in this environment and providing possible new highs the real economy and stock-market have to gain simultaneously otherwise the rally will be a speculative driven rally, therefore, we should keep in mind a possibility to show more bearish pressure and be prepared on this scenario to profit out of possible occasions arising out of it. In this manner, thank you for watching, support for more market insight, and all the best! The high destiny of the market is to examine rather than to hypothesize. Information provided is only educational and should not be used to take action in the markets.
TVC:RUA
by VincePrince
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