IWMTheory is we have another leg higher to IWM here before we submit to the C wave on the very HTF cycle wave 4. I suspect this will be an expanding flat and wave B will hit close to $260-$300 before wave C runs all the wave back down to $110 finishing the 4th. Then we start the HTF wave 5 to $450-$600 per share
Rut2000
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.
IWM Russell 2000 RUT affected by the SIVB collapse! Puts to buy!After the last RUT Russell 2000 Price Target was Perfectly reached:
Now you need to know that many of the Russell 2K companies will be impacted by the SIVB collapse.
Roughly 50% of the US venture capital-funded startups are clients of SVB , potentially putting 65,000 startups at risk of payroll disruptions. Such a situation could have significant consequences for the startup and tech sectors.
Silicon Valley Bank did business with FTX, plus many other formerly overvalued tech companies.
With $210 billion in assets, $SIBV was the 15th largest bank in the US in terms of deposits.
IWM puts considering buying:
2023-4-21 expiration date
$169 Strike Price
$3.65 Premium
Looking forward to read your opinion about it!
RUT Russell 2000 Santa Rally U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for RUT Russell 2000 is $1860.
Looking forward to read your opinion about it.
Prefer to fade into the rally on US2000USDUS2000USD0 - Intraday - We look to Sell at 1860 (stop at 1895)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1775 and 1760
Resistance: 1815 / 1830 / 1840
Support: 1800 / 1790 / 1775
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Selling rallies on US2000USDUS2000USD - Intraday - We look to Sell at 1880 (stop at 1910)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1790 and 1730
Resistance: 1830 / 1935 / 2025
Support: 1785 / 1730 / 1640
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'