RTY UpdateMFI no longer oversold, RSI almost overbought. If it gaps up again tomorrow, probably a pump and dump. Market usually whipsaws when Asia/US/Europe decide to go different directions. Next rally probably won;t happen until Europe goes oversold on the short term indicators. We'll see.by hungry_hippoUpdated 227
Russell 2000 delicately poisedRussell has been the weakest part of the market for a while. Delicately poised, has held above key support 1700 for the last 10 months. If that goes, you could see -10% (1520) easily and quickly. Watch 1700.by WVS_Stockscreen0
Are Russell 2000 Futures Breaking a Downtrend?Small caps have lagged bigger indexes like the S&P 500 and Nasdaq-100 so far this year. But now, there could be signs of a turn. The first pattern on today’s chart of the E-Mini Russell 2000 futures is the falling trendline along the highs of February, March and April. RTY1! has squeezed through that resistance in the last two weeks, which may suggest it’s breaking. Next are the lows of mid-December, mid-March and early May. The higher lows on either side is potentially consistent with a bottoming pattern. Third, MACD has turned higher again. Finally, Bollinger Band Width has squeezed into a narrow range. Such tight price action may suggest the index is due for some movement following a period of consolidation. Trading futures just got more accessible after TradeStation slashed commissions! Click our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation1111
5.15.23 RTYM23 Long RTY has been strong recovering from the recent banking sell-off (for the time being). Looking at a few demand areas for longs. The first zone is mean to be an overnight set and forget. The closer the zone to the origin of the move the better the chance of it working so the lower DZs are likely stronger. Watch for tomorrow's 8:30am Retail Sales reports as they could add volatility to the markets. If reports produce worse than expected numbers, market sentiment may shift in the short-term. - Trades taken using confirmation entires have a higher probability for sucess. - Using an initial 1:1 target is recommended for reducing risk. - Short-term income trade ideas are good for the day unless otherwise stated. *** For educational purposes only ***Longby randy876Updated 1
RTY UpdateRetail numbers missed bigly, garbage retail stocks all down big today. Made some money off BUD puts, though I actually expected the numbers to be good, lol. Small caps down 1.4%, at this point I'm not chasing the drop today. However, it looks like RTY is headed to oversold again, so I'll look at it again this afternoon, maybe throw another $2k bet against some garbage. I need to be careful though, any time I make decent money, I throw it away on a stupid gamble, lol. Maybe I should just take a break, I'm up close to $10k the last 4 trading days....by hungry_hippoUpdated 6
RTY UpdateNice whipsaw going, MFI went oversold premarket. Guess they're gonna pump garbage again, flipping my BUD puts on open.by hungry_hippoUpdated 115
RTY UpdateWell, small caps look bullish.... Retail numbers are supposed to be good, numbers come out before market open tomorrow. Probably should have gone long on XRT on the dip. I assume BUD will gap up with retail tomorrow, gonna short it when it does.by hungry_hippoUpdated 5
RTY UpdateAs usual, small caps are the weakest, MFI already hit oversold. ES and NQ are getting close, but won;t happen until Monday. Not sure about gap direction Monday or if RSI also need to hit oversold. Either way, the market will signal a buy on Monday.... as usual I'll wait and hope for a gap down to make the decision easier.by hungry_hippoUpdated 6
RTY UpdateRSI hit overbought and turned around, I dumped my PCAR calls on open because it didn't look right. Wasn't expecting today to be a pump and dump but numbers weren't that great. Made a couple of k's on PCAR, but really disappointed it didn't go up more. Market just whipsawing again, no positions, I have no idea what it;s doing today.by hungry_hippoUpdated 9
Why Russell Index the most Reflective for Bank Run Crisis?Russell represents the true economy of United States. There are 2,000 medium size companies with each value between $300m to $2b. The index includes a diverse range of companies from various sectors, including financials, healthcare, consumer goods, industrials, and technology. In my opinion Russell represents the true economy of united states. If the bank run crisis deepens, it is possible that 2,000 companies will not hold up well. The reasons for this are stated in the video. This could affect the other major indices, with the Russell 2000 potentially leading the pack. The Russell 2000 is considered more reflective of the US economy compared to the other major indices with big names like Apple, Amazon, and Microsoft. E-mini Russell 2000 Index Futures & Option Outright: 0.10 index points = $5.00 Micro E-mini Russell 2000 Index Futures Outright: 0.10 index points = $0.50 Micro E-mini S&P 500 Index Futures & Option Outright: 0.25 index points = $1.25 Micro E-mini Nasdaq Index Futures & Option Outright: 0.25 index points = $0.50 Micro E-mini Dow Jones Industrial Average Index Futures Outright: 1.0 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. 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 Editors' picksShort08:37by konhow1818159
RTY UpdateNot oversold yet, not going long today though pretty high possibility of the usual Friday pump and dump tomorrow. Will wait until my indicators say to buy. I think the selloff ended for the day because a lot of stocks hit support (see GM for example), but I'm not sure if that holds. Looks like all I'm gonna make is beer money this week, but at least I didn't lose money in the Fed whipsaw. Also, PTON down and W up on earnings, the opposite of usual, lol. Glad I didn;t bet on that too.by hungry_hippo5
Russell 2000 (RTY) Looking to Break LowerRussell 2000 (RTY) Cycle from 4.3.2023 high is in progress as a 5 waves diagonal. Down from 4.3.2023 high, wave (i) ended at 1752.7 and rally in wave (ii) ended at 1825.43. The 1 hour chart below shows the chart starting from wave (ii) peak. The Index then resumes lower in wave (iii) towards 1731.7. Internal subdivision of wave (iii) unfolded as a 5 waves impulse. Down from wave (ii), wave i ended at 1794.8 and rally in wave ii ended at 1814. Index resumes lower again in wave iii towards 1733, wave iv rally ended at 1748.80. Final leg wave v ended at 1731.7 which completed wave (iii). Index then corrected in wave (iv) with internal subdivision as a zigzag Elliott Wave structure. Up from wave (iii), wave a ended at 1762 and wave b pullback ended at 1742.20. Final leg wave c higher ended at 1796.50 which completed wave (iv). Index resumes lower again in wave (v). Down from wave (iv), wave i ended at 1720.4 and wave ii ended at 1778.9. Wave iii ended at 1716.70. Expect wave iv to fail and Index to resume another leg lower to end wave v of (v) of ((i)). Afterwards, Index should rally in wave ((ii)) before it resumes lower again. Near term, as far as pivot at 1825.43 high stays intact, expect rally to fail in 3 ,7, 11 swing for further downside.by Elliottwave-Forecast3
Smol kep sumur?Everybody is bearish small caps because "REGIONAL BANKS, AHHHHHHHH", but are they missing the forest for the trees? Some absolute gems in there too. How does this make you feel, anon?Longby kgbrah1
RTY MFI overboughtRSI isn't there yet, but ES & NQ already hit overbought on both. I don't expect the market to tank, probably just a dip. Bought a few AFRM puts for kicks and giggles this morning, see if it breaks support tomorrow. Hoping the algos start cycling again now that earnings are over (except AAPL), buy the dip when MFI goes oversold.by hungry_hippoUpdated 7713
RTY UpdateStill the weakest index, RSI is already oversold. RTY indicators are the least reliable, not going long yet.by hungry_hippo5
4-25-23 [russel2000]Good afternoon, Anon, Seeking a comprehensive breakdown of the Russel2000? Allow me to elucidate for you. --- The Russell 2000 is presently entrenched in a quintessential Wyckoff accumulation phase: Dubbed - The Wyckoff Accumulation Schematic #1. --- Who is Wyckoff, and why is he of significance? Well, Wyckoff reigns as the vanquisher of bears, as well as the architect of unanticipated realities. Wyckoff embodies an interdimensional algorithm, crafted to cleave you asunder. --- Green trajectory = Should the ensuing days yield favorable earnings, anticipate the Russell 2000 to be propelled into the celestial realms. Strawberry trajectory = Russell breaches the low with ferocity, accompanied by a colossal volume spike, prior to being catapulted to all-time highs. --- Ps. An upsurge in small-cap stocks signifies an environment inclined towards risk-taking.by Eloquent337
RTY UpdateMFI dropping fast, but RTY barely even dipped. There's a weird short squeeze on garbage stocks today. AFRM, PTON, BYND, TSLA (lol) all green by a lot. No trades, but I'm hoping for the market to tank so we finally get some tradable action. Note: Some of the garbage stocks appear to have rolled over, might be a play there.by hungry_hippoUpdated 119
RTY MFI OverboughtYeah, I said overBOUGHT. That means don't BTFD. Wanted to post this early since I said BTFD earlier this week. I have NO intentions of going long today. Will post ES and NQ updates later since they are not overbought yet. Also, I was right about playing GM puts for TSLA earnings, looks to be 175% return on open. I didn't play it, lol. Gonna kick myself on this one, I mentioned it twice before close yesterday.by hungry_hippoUpdated 121212
RTY UpdateJust drifting sideways, indicators are neutral. I think MFI goes oversold tomorrow morning on RTY and ES, will wait until then to BTFD, lol. I think it's gonna be a whipsaw day. Futures need to sell off but lots of dip buyers already. Slept in (kinda obvious now, lol) because I was all cash, no positions. Will take a potshot at the market again tomorrow if indicators go oversold. No idea which way the market gaps tomorrow, I'm not bullish on TSLA earnings. FDAX MFI is dropping but the index isn't. Maybe another small gap down again? i dunno. Really thinking it might be a good time to take a break from the market... but PCAR earnings next Tuesday. Maybe after that.by hungry_hippo226
RTY UpdateRSI hit overbought and stalled, MFI is overbought. Appears to be a rotation from small cap to tech, took the easy money and dumped my long positions by hungry_hippo226
SMALL CAPS: Russell 2000 Futures (RTY)The current price consolidation resembles the previous three formations which were a precursor to a price advance. In order for the index to confirm that a new short term bullish reversal has commenced, following is required: 1. Strong candle structure i.e. large green candles that produce a shift out of the consolidation zone. 2. A break above the current range highs. This level is at 1816. A WEEKLY CLOSE below 1735 would negate this structure.by techpers1
RTY UpdateCPI pump and dump as predicted, RTY went overbought on RSI with MFI divergence. Fed meeting minutes at 2pm, unemployment and PPI numbers premarket tomorrow and retail numbers premarket Friday. Garbage stocks didn't even last 15 minutes, lol. PTON shot down so fast I couldn't even catch up to it. Managed to snag a few BYND puts, we'll see where taht goes. Might snag some CAT puts EOD for unemployment number tomorrow.by hungry_hippoUpdated 3311