Russell2000 offer us clues for what's about to happenMore often than not, Russell2000 is ignored by traders. However, this index can offer us valuable clues of what's about to happen next in the economy and with major indices simply because it contains 2000 companies and these companies are medium size, reflecting best the state of the economy.
If we look at the posted chart we can see that the index has traded in a range between 2100 and 2350 with a spike in November that marks the top and the final of the uptrend.
This consolidation is proving to be distribution in fact and, considering it took a year, we can expect a major drop this year.
That being said, the index can lose 20% of its value to around 1700 zone support
Although, I don't trade Russell2000, my idea for other indices going in 2022 is very simple: sell rallies
Us2000
Russell 2000: In the triangle and bullish divergenceWe are in the middle on the never-ending triangle on the daily chart. There was a false breakout a couple of weeks ago but it seems bulls are strong enough to break out this triangle once and for all. For swing traders, sell with an adjusted stop loss and for long-term traders, buy if there is a correction to the lower part of the triangle (2155) or after the correction if there is a breakout (2287). The bullish signal on the RSI is there and it must be taken into consideration and the 2575 level should be reached if the triangle breakout takes place, but normally, after 1 year going sideways, the uptrend should be much longer.
🔜S&P500: "NO COMMENTS"🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 4637.6
⛔️Stop Loss - 4679.3
✅Take Profit - 4554.3
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
US30: potential downAnd so, according to the US30 index, some beginning of the downward correction can be traced. Now it is assumed that the instrument may rise to the level of $ 36,090, after which it will be under pressure from the sellers and the index will roll down. The target of the fall will be to break the level of $ 35607.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
☑️US30: perspective movement➡️ I would like to draw your attention to a rather promising deal on the US30 index (Dow Jones Industrial Average). SELL is supposed. It should be noted that, in principle, a downtrend is outlined for this trading instrument, and the index will most likely fall by the end of this year. In addition, those who trade in the medium term can look forward to such indices as: Russel 2000; S&P 500 and USTEC100. These indices will also predominantly fall, but there is no need to talk about 100% correlation, the movement of the indices may differ, and sometimes by 180 degrees.
The parameters of the deal are in front of you. The second target is at 35460$ . But you should use partial fixation, taking to Break-even and then wait for the second target. Of course, don't forget about Stop Loss. Everything is in front of you!
🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 35791
⛔️Stop Loss - 35879
✅Take Profit - 35615
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
LONG RUT: 8MONTH CONSOLIDATION BREAKOUT CONFIRMEDLong rut for 2600
rut breakout of ath consolidation after 8 months. recent bear failed to break down and invalidated =breakout BOOON confirmed.
US2000 Russel Supply And Demand Analysis-Price broke out of 1 year range.
- Looking for long positions if price pulls back
into the RBR demand using it as support/ breakout
restest zone.
-Confirmation on LTF
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.
RUSSELL ON MULTI MONTH BULLISHTapering should not stop this index to reach the moon. FED still keeps printing anyway. Meanwhile, business and economic environment will be getting better from this good momentum.
US 2000 PARALLEL CHANNELWhen you look at the D1, you realize that the market was in a trending bullish market however it broke the trendline around the "2195" price area however it never broke the previous low, which formed a strong support which repeatedly pushes price to the resistance on the upside where it gets rejected repeatedly creating a parallel channel. However the market has maintained the bullish trend, and is expected to continue with an breakout to the upside. "THE TREND IS YOUR FRIEND"
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Trading scenarios for $RUT for 01-05 March 2021Trend:
Daily/Weekly/Monthly: Down/Mixed/Mixed
#RUT continues to be strongest of the 3 US indices, but Friday was disappointing.
3 possible scenarios:
1) Break of 2163, target 2097 and further 2044
2) As long as 2163 holds, look for longs, targeting 2289, which is a strong R. If we break this R, look for ATH at 2375.
3) 2163 holds and we target 2289. Rejection off 2289, for a move back to 2196.
IMO, scenario 3 is most likely.
Russel small cap 2000 short ideaRussel small cap 2000 moving upside in a paralell channel and now the price arrived to the Channel upper line at 2300 usd. I think it will go down to previously support/resistance at ~2200.
Trade at your own risk.
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