US2000USD: RUSSELL 2000 correction COMMINGUPDATED COUNT looks primed for CORRECTION
HOW upcoming STIMULAS DEAL will affect COUNT ?
Us2000short
ridethepig | Small Caps Breaking DownA timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in.
Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that its not different this time will continue with the necessary text, the question is whether real money decides to step in and stop the bleeding. After losing support the next key level in play is 1350, and a deeper extension towards 1,175.
Thanks as usual for keeping the feedback coming 👍or 👎
US2000 SHORT: A Quantitative AnalysisNet sellers trapped :20
Cumulative quantitative power: 3700
signal: enter sell with the above parameters.
US2000 It's in a really interesting place!We have a wedge that it's giving us a good entry, we will wait for it when US2000 decides to retest the wedge. Be focused in this point!
US2000 Russell aims BearishUS2000 Russell aims for a Bearish target of 1520.00.
Technically.
Daily range pattern being traded off highs to previous daily lows.
Fundamentally.
This comes immediately after the Dollar gains momentum as the market digest the statement - FED RATE SEPTEMBER 2019, as the dot-plot shows no additional cuts through the end of 2020.
It also shows that ten members are forecasting flat or higher rates this year while seven expect a single further cut. Policymakers are split, and that's good for the greenback.
Dollar maintains the positive tone across the board for September Rate Decision, equities fell with the news
