RTY UpdateMFI oversold but DAX looks bearish on CPI numbers.
Rally probably doesn;t happen until Europe closes. Could just be a whipsaw day with Powell speaking tomorrow
M2K1! trade ideas
Levels for 11.29.22this is what I am considering our range for now. yesterday we came back into range after trying to break out previous day. maybe more balance today, but am prepared if we want to test lower.
RTY UpdateRSI hit oversold on RTY, ES, and NQ. MFI hasn't yet, so gonna wait to see what happens tomorrow.
My guess is still gap down and reversal tomorrow, but the gap down might not happen since RSI is already oversold. My favorite plays still look like crap and AAPL is falling off the tree, so no long positions until tomorrow and even that is a maybe.
RTY UpdateNQ filled the open gap but ES and RTY did not. I think RTY needs to go oversold before it bounces and fills.
Looks to me like the market is gonna whipsaw sideways this week. No melt up or tank. Powell speaks on Wed, CPE on Thu. Expect whipsaw.
Levels for 11.28.23Here are my levels for today, careful on the open and wait patiently for engagement areas.
RTY! - correction is over, time to go shortAfter an impulse to the downside, Russel 2k seems to have completed a double three correction WXY right into the 0.618 fib level. Time to press the short side. Mind your sizing.
Russel2000 Bear Case.Good evening,
This post is part of a series of requests i recently received.
The request was: "What is your bearish projection on the US stonk market".
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The russel2000, if I'm not mistaken -
has thousands of small-cap stocks within it,
here's my bearish projection for it.
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My estimated top for the russel2000 = $1876 ~ $2392
High probability target = $2036
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My estimated bottom on this one is roughly between $1527 ~ $1163
High probability target = $1324
🔺
Russell2000 futures long by Cosmic GravityCosmic Gravity predicts that the next E-mini Russell 2000 index futures resistance will be "R3 line" after price breaks through the basis line.
RTY is at 200MA max resitance level is from 1900-19005Should not get above 1905 on any test for much lower numbers to be seen next year.
If it holds, might get below 1500 early next year.
Will short 1900-02 zone with a 10-15 points stop.
ideally we see a good move down to at minimum revisit pre CPI day close
Updated Levels for 11.22.22inside levels have touched and reacted properly. Next levels for market engagement.
RTY! - risk to the downsideRussel 2k bottomed with the rest of the market in October, and retraced in three waves, marked with ABC circled. Off the PPI high, the index dropped in five waves, and is now drifting sideways in making abc moves.
Note that other indicies are all over the place, diverging quite a bit. The weakness is primerily in XLK, XLY and XLC, some other sectors doing ok. We are also in a week that should show some strength, so be patient.
Levels for 11/17/22Here is where I will engage the market today. These levels are based off of RTY but ES and NQ can be traded from these, with wider stop.
RTY Daily MFI overboughtSomething I noticed while flipping through some charts, RTY1! daily MFI is overbought along with GM, PCAR, YM1! (Dow futures), Dow components like WMT, CAT, YNH, etc along with XLF (financial ETF).
Definitely not chasing a Fed pump even if my 3 hr indicators show oversold. My favorite stocks are overbought, that's a signal to take a pause. Will be shorting when 3 hr indicators go overbought.
RUSSELL 2000 Heading Lower, Head and ShouldersRUSSELL 2000 Heading Lower, Head and Shoulders chart pattern will drive bearish continuation.
Russel friend of BTCThe Russell Index has a strong correlation with BTC. Many people look at SPX and Nasdaq first. But we think we need to take a look at this chart. If you overlay a chart of bitcoin on a chart of this index, you will understand everything. But this analysis is not about that. At the moment, Bitcoin, along with Russell, is at an important stage in moving forward. We see a global downward trend line, which we are now inside. The price on 1d is formed by equal highs with the liquidity pool. RSI shows weakness on 1d. At the time of writing, the price eliminates liquidity and fills in market inefficiencies. This could serve as a potential turning point. At the same time, Bitcoin is also showing signs of weakness. We believe that at the moment there is a high probability of a reversal formation. Watch the price.
Market leadership firmly switched from nasdaq/s&p to Russel/Dow 2022 is story in change in market leadership.. Dow and Russel new leaders. Pairs trade lookback.
RTY1! - Weekly Market Update, 10/31Russell 2000 has overtaken its 50 day SMA and is now testing the YELLOW overhead resistance channel structure.
Russell1806 Target Achieved..New Pattern DevelopingTechnical & Trade View
Russell 2000 (e-mini futures contract)
Bias: Intraday Bullish Above Bearish below 1785
1806 Target Achieved..New Pattern Developing
Technicals
Intraday 1785 is primary support
Primary upside objective is 1882/92
Failure below 1780 opens a test of 1760 H4 Value Area High
20 Day VWAP bullish, 5 Day VWAP bullish
