TOP ALERT. Russell 2000Yeah, bruh. That's a top without funny money to help the pump. Watch for a 30% fall from the highs into buy zone #1. This would officially make this a crash but there is nothing saying it will stop there. This is just a technical zone. Follow me on Twitter for more. Or don't. I don't care.
M2K1! trade ideas
RTY One Hour Long IdeaThe RTY one hour time frame is still in a down
trend. The market is making lower lows and
lower highs. According to the daily time frame.
The market is expected to push bullish towards
2314.5 about +1,412 ticks above the market. It
will be a good idea to wait for the one hour time
frame to break the short term down trend line
and enter into the buy zone. Before looking for
long ideas.
Entry: Counter trend line break bullish in the
buy zone.
STOP: In the sell zone.
LIMIT: 2314.5
Once or if the market enters into the buy zone.
As long as the market stays in the buy zone. It
will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
Destination trader long opportunities.
1790 Ticks bullish opportunity RTYRTY E-MINI RUSSEL 2000 is at the support area and support seems to be holding we just waiting for the U-turn wants or if we get the counter trend line break into buy zone that will be our entry signal
entry === counter trend line break into buy zone
stop ====2092.6
limit====2294.2
trade safe
RTY One Hour Long +1,412 TicksThe RTY one hour time frame is in a down trend.
The market is making lower lows and lower highs.
The larger time frame shows the market should
push bullish towards the monthly up future
resistance price point 2314.5. It will be a good idea
to wait for the one hour time frame to break the
down trend line and enter into the buy zone
before looking for buying ideas.
Entry: Counter trend line break bullish in the
buy zone.
STOP: In the sell zone
LIMIT: 2314.5
Once or if the market enters into the buy zone.
It will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
destination trader long ideas towards 2314.5
RTY - Millennium Tower IndexThe Russell 2000 continues to expend energy in a large Range which
remains in a weakened condition.
2282.50 was rejected.
There is little to support this as the Parking Lot is being vacated.
Small to Mid Caps are not faring well in the present Environment
with little reason to Position for 2022.
Slowly Sinking into a LArger Sell is ahead after the next Retracement.
___________________________________________________________
RTY / M2K will Ourperformi to the Downside.
E-mini russell 2000 buying opportunityRTY in an uptrend it will be a good idea to wait for a low price at a known level of U-turn on the trend line wants or if we get a counter trendline break we can execute our buy trade towards price point 2320.2 fib 0.618 ext.
ENTRY===counter trendlin break
LIMIT=== 2320.2
STOP===2219.3
TRADE SAFE
Best places to go long or short the RussellThe Russell is even cleaner than the Nasdaq. Two major buy / sell areas on the chart. So far the Russell has been playing the game of chop. Sweep the lows, sweep the highs and move in the other direction. The same way we had a failed breakout, we could get a failed break down.
Best place to sell 2310-2360. Resistance/Gap combo and the real direction for now is down, so it is with the main trend.
2200 & 2080 are decent for short term trades. As we go down they are good for a bounce. If they get broken they are good to put shorts if the market bounces from lower.
Best place to buy long term is 1980-2030. Extreme support combo with 1. Untested breakout / gap, 2. Key Bollinger bands, 3. 400 DMA
Meanwhile, small caps...Small caps appear to be melting up, the index tends to fill gaps and there's a gap at my red line. Note that it's an index gap and not a futures gap so there's no guarantee on this one. Also, it's tagging along the overbought zone so it can tank at any time.
I'd stay away from garbage stocks though if you;re going long
RTY UpdateOverbought on RSI with MFI divergence but I think it goes up until MFI gets overbought. Probably a 3 day pump and short squeeze again. (Just guessing at this point) Staying out until Monday afternoon. I'd rather short garbage than go long on them.
Gonna be a ton of short opportunities next year I think