R2K trading at the 0.50 FibTrades at the most common retracement price. Risk equities may soon become less popular.
Amazing how these small caps appreciated from the COVID lows. Price may be expected to seek fair valuation...
somewhere in between.
M2K1! trade ideas
Elliott Wave Projects Russell (RTY) Should Resume HigherCycle from 12.20.2022 low in Russell (RTY) ended with wave 1 at 2016.97 as a 5 waves impulse structure. The Index then pullback in wave 2. Subdivision of wave 2 is unfolding as a zigzag Elliott Wave structure. Down from wave 1, wave (i) ended at 1986.3 and wave (ii) ended at 2015.60. Wave (iii) ended at 1938.8, wave (iv) ended at 1984.20, and final leg wave (v) ended at 1906.20 which completed wave ((a)).
Rally in wave ((b)) ended at 1970.30 with internal subdivision as a double three Elliott Wave structure Up from wave ((a)), wave (w) ended at 1964.1 and dips in wave (x) ended at 1921.30. Wave (y) higher ended at 1970.30 which completed wave ((b)). The Index has resumed lower in wave ((c)) with internal subdivision as an impulse. Down from wave ((b)), wave (i) ended at 1931.3 and wave (ii) ended at 1968.60. Wave (iii) ended at 1885.4, and wave (iv) ended at 1921. Expect the Index to resume lower within wave (v) of ((c)) to complete wave 2. Potential target lower is 100% – 161.8% Fibonacci extension of wave ((a)), which comes at 1791 – 1860.
Russell To Test Equality ObjectiveIn this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading opportunity and price objectives to target
RTY 1 BUYPeace be upon you, merchants. An opportunity to buy. With a breach of support in 1915. As well as penetrating the descending channel. Which humiliates the power of buyers in the market. The price is moving up. In the coming days we can see. Price 2120. And the price of 2200
Russell 2000 - Potential Upward MovementRussell 2000 will continue its upward trend. Exit at 3rd supply zone
RTYCME_MINI:RTY1!
Should snake around 1920s for while.
Was waiting for 1900 overnight. Went shy of 4 pts.
It can chop and grind here on that channel, once in a while wicking out to downside
E-MINI RUSSELL 12 FEB 2023The trend is your friend they say. But which one?
Looks like there might be some room for it o come down. Not a lot of strength it appears. Will see if we get what we want to see at the common turn around spots (no-demand)).
Russell 2000 - Potential Upward MovementRussell 2000 EMA about to cross HA Trend Follow upwards. Exit at upper BB
RTY UpdateThis one is a bit more obvious, oversold.
Watch out EOD because there will be shorts covering. Lot sof garbage stocks tanked this week including cryptos.
Trading The Russell CorrectionIn this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading opportunity and price objectives to target
RTY MFI OversoldRTY MFI is like at zero, lol.
There's a chance that RSI goes oversold before the bounce, depending on what Powell has to say here soon. If he pumps the market again (lol), small caps will prob have the best return
RTY UpdateSmall caps look the most bearish out of all indices, looks to me like it might go oversold on the Powell speech tomorrow morning.
Could be one of those days where the market gaps down but goes up anyways. We'll see.
RTY is back into the channelI have only one extension - 2032.2
We have a high probability target at 1900 by the mid of the month. Which should hold for another push into Mar high, possibly just a lower high.
I don't want to be long after the Mar high! It's a warning signal!
Have a good weekend
RTY is on the way for a double topIm not participating in this, Im swing short with SQQQ and will be buying SPXS at the close.
Looking for a move down into the mid of the month and another leg up into Mar OPEX
SHORT OPPORTUNITY RTY03-23 Futures Mini Russel 2000 March SHORT OPPORTUNITY RTY03-23 Futures Mini Russel 2000 March
time Frames :::: Left 3 Minutes Right 12 Hours
Due to Symetric Three Correction Pattern *
I assume a coming corrective downtrend on RTY
Place short after break down Level (below 1965.00)
Target at low Pattern level (around1910,00)
Potential profit 55 Point
RTY is 10$ tick quoted
Total potential profit per 1 contract $ 5 500,00
RTY is on the way to the Fakeout targetI was expecting this move, it came on time for the Fed day catalysis.
If you look at smart vs Dumb money as well as overbought conditions and negative divergences, you can see that this is a fakeout move, which happened many times in history.
I had a very important update last night, and will be doing a follow-up tonight.
Russell Futures ( RTY1! ), H4 Potential for Bullish ContinuationTitle: Russell Futures ( RTY1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2033.0
Pivot: 1909.8
Support: 1832.2
Preferred case: Looking at the H4 chart, my overall bias for RTY1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 1909.8, where the overlap support is before heading towards the resistance at 2033.0, where the previous swing high is.
Alternative scenario: Price could head back down to break the pivot at 1909.8, where the overlap support is, before heading towards the support at 1832.2, where the previous swing low and 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Russell Futures ( RTY1! ), H4 Potential for Bullish ContinuationTitle: Russell Futures ( RTY1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 2033.0
Pivot: 1909.8
Support: 1832.2
Preferred case: Looking at the H4 chart, my overall bias for RTY1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 1909.8, where the overlap support is before heading towards the resistance at 2033.0, where the previous swing high is.
Alternative scenario: Price could head back down to break the pivot at 1909.8, where the overlap support is, before heading towards the support at 1832.2, where the previous swing low and 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Russel to $2000 near Feb 3We have a clear 5th wave in progress.
The 5th wave will complete the A-B-C zigzag, where wave C is a slightly less aggressive slope than wave A, as is usually the case for a Elliott zigzag
Blue Line from wave 2-4 cloned and placed atop wave 3 shows the end of wave 5
Wave 5 / Wave C end near the 100% extension of wave A
The end of blue line for wave 5/C ends Feb 3 which coincidently is a Friday.
RTY chart, held support where it had toRTY chart, held support where it had to, at the must-hold resistance now
There is a pathway for the overshoot/fake-out move I mentioned before; there is time till the Fed meeting.
Its at a perfect r/r for a swing short.
I might post one more chart tomorrow.
Good night
When downside volatility becomes an advantage.It’s been a while since we looked at the Russell 2000. For the uninitiated, the Russell 2000 index is a small-cap stock market index that is made up of the smallest 2000 stocks in the Russell 3000 Index.
The small-cap nature means a few things, volatility tends to be higher for one. And capturing this downside volatility using the Russell 2000 as compared with the S&P 500 has almost always proven more fruitful.
When to take this trade you may ask? The recession bellwether indicator of the 2Y – 10Y yield spread is a simple place to start. With the benefit of hindsight, shorting each of the indexes at the peak ‘inversion’ points proves to be a decently successful strategy. Especially so using the Russell 2000.
So the next question to ask is if we are near the peak point of inversion?
To answer this, we have to circle back to research from last week, where we discussed the expected rate path for the Federal Reserve (Fed).
In short, markets seem to be pricing in a Fed pause, followed by a pivot in the coming year. Looking back at the charts, this shift in stance (or pause) highlighted in the top chart generally marks the turning points for the 2y-10y yield curve inversion, highlighted in the bottom chart. Therefore, with markets expecting a pause as early as the first quarter, we suspect that the turning point for the yield curve inversion is just around the corner.
On price action, the 1900 level proves to be of significant resistance, with multiple attempts to break through being rejected. As prices creep towards this resistance level once again, we think this might just provide another attractive opportunity for trading.
Zooming out to a daily timeframe, the 0.382 Fibonacci levels marked by the previous high and low, also coincide close to the resistance levels on the shorter timeframe.
The proven downside volatility, along with the coming turning point in the yield curve inversion, keeps us bearish on the Russell 2000. Additionally, the price action points to significant resistance overhead, around the 1900 level. Setting our stop at 2035 level (one Average True Range away & close to the next resistance level) and take the profit level at 1690, with each 1-point increment in the Russell 2000 futures contract equal to 50$.
The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. 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
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The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
#russ #russell #russell2000Looking at the weekly high being broken continuation to the upside with target. as price action is supported by the 12 ema
RTY UpdateRSI and MFI overbought with MFI divergence. RTY hit resistance zone. Garbage stock short squeeze appears to be over now.
ECB and Fed speakers tomorrow. Watch out.
