RTY1! trade ideas
o' man o' man.if i'm right about this, so many people are going to so devastated.
most market participants are already completely and utterly distraught,
this rally could just simply set them over the edge.
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i'm theorizing a full blown rally in the months ahead, right into april \ may.
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russel200 expanded flat target sits right a the 1.75 algo, which is roughly at $2392
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please don't treat this as financial advice.
consult your financial advisor before making any decisions in this market.
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.
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
🔺
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