RUSSELL Rally doesn't seem to seek correction any time soon.Russell 2000 is overbought on its 1D technical outlook (RSI = 73.532, MACD = 34.900, ADX = 27.532) as the monthly candle is already as high as any in the last 12 months, despite being only on the 1st week. This bullish trend can keep going as this is the bullish wave of the long term Channel Up that started in March 2009 (housing bubble). We are already past a 1M MACD Bullish Cross and all 4 major bullish waves before had such a Cross to show. The minimum rise they gave was +81.48% and this is our target (TP = 3,000) until the end of 2025.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
RUSSELL 2000
Russell 2k looks very good, even with rising YieldDaily
The TVC:RUT looks okay, slowly grinding higher.
Spreading the chart out, it's still forming the, usually bullish, Inverse Head & Shoulder pattern.
Had this on a daily & weekly but the chart we see here is for the monthly (see profile for more info on where to get more data)
it is easier to see the pattern on the Weekly chart. Interesting.
However, we see something interesting on a monthly.
Monthly it looks similar to 2008 to 2010
AMEX:IWM
Russel 2000. Rejection at the top, correction on the way?Probable correction on the RTY Russel 2000 index. Rising wedge and failing to break the prior top.
Support on every fibo level to the downside, with an ultimate floor on the monthly lower Mogalef bands the long term sideways channel, and the very long term trend line, all around the 1,600 area
RUSSELL 2000 will finish the year in style on the All Time High.Russell 2000 (RUT) has been giving us a lot of solid signals all year as it is following a highly symmetrical Cup pattern, which delivered last time (May 09, see chart below) an excellent bottom buy trade that effectively hit our 2293 Target:
As the 1M RSI has succeeded at maintaining a sustainable trend above its MA for almost 1 year (which is highly bullish), we make the Cup pattern wider to fit the whole sequence even the start of the 2022 Bear Cycle.
The 1W MA50 (blue trend-line) continues to be the main Support, with the 1D MA50 (red trend-line) the short-term one. We expect a quick test and then rebound towards the end of the year to 2465 (Resistance 2), which is effectively the market's All Time High.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
RUT2K Short-Term Selloff Likely After Fed Rate Cut DecisionIf you haven’t seen my RUT 2000 prediction for 2024:
Now you need to know that as the Federal Reserve’s rate cut decision looms, speculation is rising that we may see a larger-than-expected 50 basis point cut instead of the anticipated 25. While rate cuts are typically a positive for equities, this aggressive move could lead to a short-term selloff, particularly in smaller-cap stocks, represented by the RUT Russell 2000.
The reasoning is tied to the market's well-known "buy the rumor, sell the news" behavior. With expectations already priced in for a 25 bps cut, a surprise 50 bps cut could trigger concerns over economic health, prompting investors to de-risk. This would likely lead to a temporary selloff in riskier, smaller-cap stocks, with RUT2K potentially taking a hit in the near term.
Given this outlook, I’m considering the $204 strike price puts expiring on October 18, 2024. These options could provide a solid hedge or a potential profit opportunity if the market reacts negatively to the Fed’s decision in the short term, as I expect smaller-cap stocks to feel the pressure more acutely than large-cap counterparts.
Despite this expected volatility, the broader market should recover before the end of the month, once investors fully digest the news. By November 5th, on U.S. election day, we could even see new all-time highs in major indices like the S&P 500 (SPX) and Nasdaq 100 (NDX). Small caps, however, may take longer to rebound, adding further value to a short-term put position in IWM.
Fed Chair Jerome Powell appears motivated to support a strong market ahead of the elections, which could benefit Democrats. Former President Donald Trump has indicated he would not reappoint Powell if he returns to office, potentially giving Powell incentive to maintain market stability leading up to November.
In summary, while a larger-than-expected rate cut could cause IWM ( Russell 2000 ETF ) to face short-term turbulence, the market will likely stabilize by the end of September. The $204 strike price puts expiring on October 18, 2024, offer a timely opportunity for traders seeking to capitalize on this brief volatility.
RUSSELL 2000 Strong buy on the 1st 1W Golden Cross in 3.5 years!The Russell 2000 (RUT) index gave us an excellent buy signal on June 19 (see chart below), hit our 2293 Target and immediately pulled-back to the 1W MA200 (orange trend-line):
The established pattern on the long-term is a Channel Up that first drove the price to Resistance 1 (and our Target) and now guiding it to Resistance 2. The 1W MA50 (blue trend-line) is providing the Higher Low support needed to sustain the Channel Up trend.
The key development this week is the formation of the first 1W Golden Cross since January 2021. We expect that to be enough to resume the Bullish Leg and post at least another +27% rise (as in October - December 2023). As a result our Target is 2400.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
NASDAQ Time to move more aggressively to the tech sector!Nasdaq (NDX) may be underperforming on its August recovery relative to the other indices (S&P500 and Russell 2000) but as the monthly candle closes today, there is a very encouraging signal coming from an index ratio that shows that this may be the time to get heavier on tech.
We will use the Russell 2000 index (RUT) as it represents a wider array of companies and place it against Nasdaq on the RUT/NDX ratio. Naturally over the years (this 1M chart shows data since 2006), the ratio declines within a Channel Down as historically the riskier tech sector attracts more capital and grows more.
However there are instances where Russell gains more against Nasdaq. We are currently though at a time where this isn't the case as the ratio seems to be under a consolidation that on previous fractals (March 2015, September 2008) led to more decline, thus gains for Nasdaq.
As you can see, this movements can be grasped by the Sine Waves, though not perfectly, but still goo enough to understand the cyclical pattern we're in, also with the help of the 1M RSI Triangles.
Nasdaq (which is represented by the blue trend-line) has started massive expansion Channel Up patterns following this unique signal given by the RUT/NDX ratio. The first was right after the 2009 Housing Crisis bottom and the second during the 2015/ 2016 E.U., VW and Oil crisis.
As a result, this could be an indication that even though the last crisis we had was 2022 Inflation Correction, Nasdaq may be starting a new bullish wave of massive gains against the rest of stock indices.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Russell may rock n’ roll on rate cut and soft landing hopesRussell 2000 futures sit on uptrend support, making Friday’s close important following Jerome Powell’s speech at Jackson Hole.
To get excited about US small caps, you need a soft economic landing and lower borrowing costs given many of its constituents are unprofitable and reliant on capital markets. Given Powell will discuss rate cuts and flag confidence in the Fed’s ability to stick a soft landing, it comes across as recipe for upside.
With the uptrend nearby, traders could initiate longs around these levels or even a touch lower with a stop loss below the level for protection. Should the price break 2186.4, there’s little in the way of visible resistance until the record highs.
If the trade works in your favour, consider raising you stop to entry level or higher, providing a free hit on upside. Good luck!
DS
RUSSELL starting a 1 year rally at least, targeting 3500.Ten months (October 7 2023, see chart below) ago we made the ultimate buy call on Russell 2000 (RUT) based on a 15-year Cyclical pattern:
As you can see the index made a straight up rebound on the 1M MA100 (green trend-line), while at the same time holding the Previous All Time High (ATH) Support. Excluding the black swan event of COVID, the ATH Support Zones have held every time since the 2009 Housing Crisis bottom, initiating the next Bull Phase of the Cycle.
This is representative of economic conditions thus far and this model shows that technically, we can only get higher from here. The index has just completed the 1st rebound phase (green ellipse) and is effectively supported by the 1M MA50 (blue trend-line). The 3 times that this happened during this 15 year Cycle, a Channel Up followed that easily broke above the ATH and peaked the Cycle on the 2.0 Fibonacci extension from ATH - bottom.
As a result, as long as the 1M MA50 holds, we are more bullish than ever on the Small Caps, targeting long-term 3500 (Fibonacci 2.0 extension).
Note: Every time the 1M RSI breaks above its MA trend-line again following a Bear Phase, the new Bull Cycle begins. We have displayed that with the ellipse patterns.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
US small cap bounce unconvincing despite risk revival The recovery in US small caps has been unconvincing over the past fortnight, struggling for upside unlike mega-cap rivals. Russell 2000 futures have been capped below the 50-day moving average for much of this period, running into sellers constantly above this level. Wednesday’s rejection above 2132.6 warns of building reversal risk, putting a potential break of uptrend support on the cards should US slowdown fears return.
If the price were to break the uptrend, traders could enter shorts with a tight stop either above the level or the 50-day moving average for protection, depending on your target. On that subject, the 200-day moving average or 1920 are levels to consider. If the price were to hold the uptrend, a close above the 50-day moving average would negate the bearish setup.
MACD and RSI continue to generate bearish signals on momentum, making selling rallies the preferred strategy near-term. Good luck!
DS
Small 'n Furious. Early 2020's Signaling A Big Midcap Run AheadThe Russell 2000 trailed the S&P 500 significantly in 2023, gaining about 17% compared to a gain of about 24% for the large cap index. That underperformance has spilled over into 2024. Year-to-date, the Russell 2000 is about 2% compared to a 7% gain in the S&P 500.
By the way, that valuation measures make the small cap Russell 2000 index much more compelling when compared to the S&P 500.
Small caps relative to the S&P 500 on a price-to-book basis is back to where it was in 1999, which was the absolute low and was a launch point of 12 years of outperformance for small caps.
As of January 31, 2024 small caps price-to-book ratio is 2.01, as it described on FTSE Russell 2000 Index Factsheet.
Like a sensationally increased shares of Supermicro NASDAQ:SMCI or e.l.f. Beauty Inc NYSE:ELF , I believe many other small cap stocks can be the best ideas for 2024, in part because of that participation in the ongoing stock market rally is improving and is no longer concentrated in just ultra-mega-cap tech stocks, like it was in 2023.
If so-called breadth improves in the stock market, then small cap stocks will catch a bid.
There are three factors will help to boost small-cap stocks in 2024.
First, fund flows into the stock market are necessary for small cap stocks to outperform. If retail funds aren't flowing into the stock market, then funds likely aren't flowing into small cap stocks.
That have changed already in late 2023 as investors start to warm up the stock market.
To be clear, let's take a look at lower technical graph, so-called "AUM", or AMEX:IWM assets under management chart, that is one of the most important ETFs metrics. While it's been correlated pretty well with IWM price action over the past two years, last December has changed the rule, as managed assets smartly jumped to almost historical highs.
Second, small cap stocks are highly levered and tend to have a higher cost of capital, so a decline or no more hikes in interest rates should benefit small cap stocks much more than large cap stocks.
To be clear, let's compare two graphs: for actual U.S. Interest Rate and Expected on Dec, 2024 Interest Rate.
Finally, an expansion in economic growth could be a "huge tailwind" for small cap stocks as they are highly exposed to the domestic economy.
An overlooked area of the stock market is set to soar in 2024 after significantly underperforming the S&P 500 last year.
In technical terms, AMEX:IWM graph is near to break its 52- and 104-weeks highs, to deliver the price 50 percent higher after a breakthrough, like it did it before, on the hottest ever edge of 2020 and 2021.
Direxion Small Cap Bull 3x | TNA | Long in the $30sMarkets are forward looking. When the Federal Reserve drops interest rates (perhaps in 2024?), I anticipate money to flow into the heavily beat-down small-cap market (filled with stocks most negatively impacted by high interest rates). TVC:RUT would rise rapidly, and my bet is on AMEX:TNA to follow.
From a technical analysis perspective, the fact there is a gap to close for AMEX:TNA in the low $90s is enticing. It may be a bumpy or speedy rise there, but the $30's have been a personal buy zone.
Target #1 = $54.00
Target #2 = $92.00
$RUT FANTASTIC STRENGTH, $NDX is the opposite!WOW what a phenomenal day!
There was HUGE volume on the TVC:RUT AMEX:IWM & it closed near the highs of the day!!!
NASDAQ:NDX on the other hand had heavier than normal volume and closed near the lows of the day
Add to the misery, bearish engulfing was formed today. NASDAQ:QQQ
Did we just see the initiation of money rotation?
Navigating Frothy US Equities with S&P SpreadsNavigating frothiness in US equities requires both caution and tact. With the S&P 500 nearing its all-time high amid flashing recession signals, investors must be vigilant with volatility during upcoming earnings season, driven by outsized expectations.
This paper explores the persistent recession indicators and forces at play during upcoming earnings. The paper posits a spread trade using CME’s Micro E-Mini futures (Long S&P 500 and Short Russell 2000) to maintain upside potential with reduced downside risk.
RECESSION RISKS PERSIST AS RATES REMAIN HIGH
On Friday, the PCE Price Index (Fed’s preferred gauge) showed inflation cooling to 2.6% in May, in line with expectations. Price pressures are slowly abating.
Numbers aside, the broader economic landscape presents a complex picture.
Signals from the job market point to unemployment claimants at a record high for the past two and a half year with job openings shrinking drastically. Personal earnings were higher than anticipated in May (0.5% vs 0.4%), but spending was below expectations. Consumers are being more cautious. Mint Finance covered these nuances in a previous paper .
Housing is flashing weakness as new housing starts hit a four-year low in May. Soaring prices and steep mortgage rates are weighing on demand.
The Fed’s policy path remains unconfirmed. However, consensus point to a rate cut as early as September. Even if that happens, rates are expected to decline gradually.
Source: CME FedWatch
Despite risk of recession, the S&P 500 has had an exemplary showing this year, trading near their all-time high. YTD performance of 15% in 2024 has been far higher than the 74-year average of 4%.
Yet, the performance has been increasingly top-heavy. Nvidia, Apple, and the rest of the tech titans have contributed much of the gains in the broad S&P500 index as it is market cap weighted. The index is heavily reliant on and sensitive to the performance of these mega-caps.
The equal-weighted S&P 500 index is up only by 4% in sharp contrast. The spread between the S&P 500 and its equal-weighted counterpart is near its highest point since 2008. The spreads between the S&P 500 and both the Russell 2000 and S&P Midcap indexes have reached multi-decade highs.
Outperformance was re-affirmed after the recent earnings season. Mega-caps crushed EPS and revenue expectations and reported phenomenal guidance while other stocks, especially utility and energy sector reported revenue and EPS figures below estimates according to FactSet report .
Rallies in mega-cap stocks are being driven by idiosyncratic tailwinds, such as advancements in AI. Meanwhile, slowing consumer spending in the US is raising concerns for the broader market.
RISK OF SHARP CORRECTION WARRANTS SPREAD POSITION
According to FactSet , Q1 earnings season was positive. Only 19% of firms reported earnings below expectations. Actual average EPS YoY growth for the index was 5.9% (above 3.4% expected as of March 31).
Frothiness in the equity market is palpable. Consistent outperformance by mega caps is baked into investor expectations. Strong earnings are already factored into prices, as evidenced by the S&P 500's P/E ratio of 28.38x (far higher than the 10-year average of 20x translating to a 42% above average earnings expectations). Average P/E ratio in the best performing tech sector is even higher at 37.47x.
Even minor shortfalls in guidance or revenue/earnings can lead to significant corrections in such a climate. The FactSet reports that 31.8% of firms which beat earnings EPS estimates by up to +5% saw average price decline of -0.9%.
Source: FactSet Research
In fact, overall, positive earnings only drove a 0.9% increase in price (1% 10Y historical average) while a negative earnings report led to 2.8% drop (-2.3% 10Y historical average).
Source: FactSet Research
Market frothiness elevates risk of a sharp price correction in single names during Q2 earnings. Analysts are concerned as expectations for Q2 EPS YoY growth have been lowered from 9% on 31/March to 8.8% as of 22/June.
Despite this, mega-caps remain in solid position. Robust demand for AI, buoyant advertising revenue, globalized revenue streams, and substantial market dominance have positioned them to continue growing at a disproportionate rate.
In case the upcoming Q2 results pan out similarly to Q1 in favor of mega-caps, the S&P 500 will continue to outperform the broader market indices.
HYPOTHETICAL TRADE SETUP
The S&P 500, with its high concentration of mega-cap stocks, is likely to perform better than broader market indices in the coming earnings season. However, recession signals are also flashing.
The S&P 500 does not perform well during recessions. Over the last four recessions, it has declined an average of -14%. Comparatively the spread between S&P 500/Russell 2000 spread has increased 1.7%.
The S&P 500/Russell 2000 spread has also outperformed during the six-month preceding recessions.
Given the S&P 500-Russell 2000 spread's historical outperformance during recessions, a spread position presents less downside risk compared to an outright long position in the S&P 500.
This strategy also maintains a bullish outlook on the top-heavy S&P 500's potential to outperform in the upcoming season.
Moreover, the spread trade preserves the upside potential in the ongoing rally, as its performance has been comparable to an outright long position in the S&P 500.
A view on the spread between the S&P 500 and Russell 2000 can be expressed using CME Micro E-Mini Equity futures. At 1/10th the size of the full-size E-mini futures, the Micro contracts allow for smaller trades with more granular exposure.
A long position in the Micro E-Mini S&P 500 futures expiring in September (MESU2024) can be offset by a short position on 2 x Micro E-Mini Russell 2000 futures expiring in September (M2KU24). This position is highly margin-efficient as CME offers margin credit for this spread.
Hypothetical trade set up in summary requires entry at 2.69x, with a target at 2.78x coupled with stop loss at 2.6x.
The simulated payoffs are described below.
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. 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
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
Russel 2000 - Consolidation into Q3
Hey Guys,
For this Index the Consolidation period has been there since the big Engulfing Candle on the Yearly Chart happened in 22.
To become bullish again Russel has to move beyond 2280 (-1625 is the lower end with a mid-point of 1940)…
Until then I will take a neutral bias towards this Index. Most likely we will consolidate on the 3D Chart between the two white lines - Demand and Supply Lines from the Quarterly Chart. Keep in mind that the Blue Box is the High of 23 and the Red Box Constitutes the Middle Line of 22.
I am looking to go long from the lower part and short from the upper part of the Consolidation - until a break occurs.
Normally I would enter on the 4h or 2h Chart but I will break it down to the 1H Chart because I like to take entries from there (Risk - Reward wise).
Thanks for reading
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).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
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.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Dow and Russell could extend lowerDow and Rusell2k have rallied back and may be finding seller supply at current levels. If prices go lower and fail to hold recent support, then an extension of the down move could be in play.
The majority of the gains stocks have been from the ai and magnificent 7 stocks (nvidia, amazon, tesla, microsoft, apple, google, meta). These stacks are a larger percentage of the sp500 and nasdaq than the dow and russell. The rest of the economy may not be fairing as well as the implied moves of the magnificent 7 which is attracting all the momentum money.
Higher rates affecting funding costs would hit industrials in the dow and the small businesses more in the russell2k.
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 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).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
$QQQE & $RUT show breadth is not as bad as they're saying$QQQW is the equal weight NASDAQ:NDX and it is at an all time high, forming a cup. The question is, "Will it form the handle & breakout"?
TVC:RUT is in an uptrend but facing trouble at resistance.
This shows that breadth is not as bad as they paint it to be. However, it could be a lot better.
AMEX:IWM