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
Rutlong
RUT global planThe Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000
Possible Targets and explanation idea
➡️Global weekly chart RUT. We are in a middle.
➡️Summer 2022 we got signal to buy.
➡️Market mood we are in a depression zone
➡️Direction indicator (whales accumulate, even on covid dump we didn't see this signal)
➡️Take profit line marked + buy line (but I think we will see take profit first)
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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.
RUT Russell 2000 Support and ResistanceRUT Russell 2000 bounced from the strong support of $1940 and is heading to the $2180 resistance.
I also think we might see the end of the war soon.
Russia says the first phase of its “military operation” in Ukraine is mostly complete.
Looking forward to read your opinion about it.
RUT Russell 2000 same level as December 2020The Russell 2000 index lost all its gains from 2021 and is now at the pick of December 2020.
I expect 2022 to be the year of this index, that has a lot of undervalued gems, like 2021 was they year of the Big Tech with high multiples.
Looking forward to read your opinion about it.
RUT Russell 2000 Santa Rally?The Santa Rally is set to start on Monday, Dec. 27.
This period gave positive return for the S&P 500 78.9% of the time.
Since 1950, the average return of the Santa rally was 1.33%.
How do you think this will be reflected in the Russell2000 index?
The reasons could be optimism over the new year ahead or holiday spending.
RUT LongWe have bounced off the 200 EMA on the daily chart . We are at support of the 34 ema on the weekly chart. We have had a long period of consolidation now. Corrections can happen with time or price. This has been a correction of time. The candle lows have been making higher lows and have been forming hammers on the daily chart . The higher lows on the daily chart combined with the support of the EMA’s is what makes me bullish . We also have a symmetrical triangle formation on the daily chart which we broke out of and retested intraday today. The S&P and NASDAQ have had huge run ups and some of the money may be rotating out of those indexes into the Russel. BTC is breaking out and looking to retest all time highs. If it starts making new all time highs I expect there to be an easier environment for the Russel to rise. The stop is below the low of the consolidation. If we break that I am no longer bullish and will have to re-evaluate. I would try and take an entry off a smaller time frame with a much higher stop to increase the RR on the trade. Another way to go about this is waiting for the Russel to start trending higher and confirming the analysis and then buying the first large enough pull back. Waiting for this will allow for confirmation of the trade idea and give a better RR as well.
2 good weeks ahead imo
Good day folks,
The market went very close of a selloff last Thursday. However, it reversed on the Fed news. TLT and XAUUSD are cooling down; if the selling continues or accelerates, this could provide some fuel to the indexes. I think IWM could reach 146 and close the month around 140. So, this could also offer an opportunity to short.
I do not have a position open yet, but the best-case scenario would be an entry around 135. We gonna see what Monday has for us.
Have a nice weekend,
RUT - Russel pressing could release soon.Here we have
a) the broken sine wave
b) the pressure cooker
...and a flow to the north.
This pressing could explode soon.
It's a pattern I observe since years, and it works very well.
After the explosion, the steam settles first, bevor floating upwards again.
P!
RUT - Russel ready to start climbing.Here is why I see that the Russel could climb again:
The orange up sloping frequency shift is reached.
From there, RUT jumped up - in addition, the sine-wave center was breached and hence price is ready to turn.
Besides all these facts, there is one bar that caught my attention: The green marked one showed a nice intention to the upside - watch the close!
So, I'm happy with my Butterflys, watching them getting fatten from day to day as time decay §8-)
P!