RTY1! - Weekly Market Update, 8/22Russell 2000 Futures have found resistance at the 200 day SMA. Price penetrated but failed to settle above which is concerning. We await failure and the next leg down from here or a rally through and settlement above.Longby SpecialeAnalysis1
RTY UpdateUnlike ES and NQ, RTY already hit oversold, and small caps tend to fill gaps. I'm looking at a bunch of crap stocks like W that seem to be acting like they want to fill the gap tomorrow or Monday. IWM is probably your best bang for the buck if you're bullish on indices. I would stay away from meme stocks, though it could be an up day for those as well.by hungry_hippo7
RTY Almost oversoldI still don't think that was the top, looks to me like we get another pump when RTY MFI gets oversold. Was busy timing my AMC play, lol. Dumped on the gap fill overshoot and just re-entered, figured it wasn't gonna go down more than a buck. Might wind up being a day trade, planning on bailing if teh market doesn;t kick up after the Euro markets close. Seems to me like small caps went a little overboard on sell, but the Euros finally dumped so there could be another gap down tomorrow.by hungry_hippoUpdated 4410
RTY UpdateThe melt up and short squeeze continues. I have it continuing until next Tuesday when RTY hits the resistance zone. I don't normally play melt ups but bought some AMC calls for kicks and giggles on the dips this morning. If the market is acting stupid, then you need to be stupid too, lol. The only way to make money is to go with the flow. Prediction is up tomorrow, a dip Thu and Friday open, then full pumptardedness until Tuesday.by hungry_hippo7
RTYIs the melt up over? Seems like RTY rolled over, and the squeeze appears to be over except meme stocks like AMCby hungry_hippoUpdated 226
RTY not much to add since my last updateWe are at the first maj resistance - 110MA Weekly magnet. RTY hit 200MA on daily, while others are lagging behind. - 2032-85 is where I think this move will be capped, if we actually extend above 110MA. It can still extend up to 2084-2108 I expect tomorrow red closeby RealTima1
Russell2000 Trading The Bullish SequenceIn 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 target00:51by Tickmill3
RTY1!8.14.22 Yesterday I gave you my overview of the Russell and the es mini from a longer timeframe perspective. I went back and took a shorter timeframe perspective on the Russell, and compare it to the longer time frame thinking. I tried to discuss the advantages and disadvantages. I tried to describe a psychological aspect from my point of view, and I'm very much aware in my own trade decisions what the triggers are for my stress. Most of the time I would say that you should look at the Behavior of the market in an "objective "way...based on your observations of market behavior...which can definitely be done, but not all the time. The example I pointed to in this video found the reversal point, but the market came back close to it without making a new low 4 weeks, and from my point of view that's going to be a tough trade for me... and explain why. It doesn't matter if the market never goes below my entry, It doesn't really appeal to me to stay long in a market that doesn't move any significant range off the bottom and for three or four weeks it keeps on coming down to my entry. That is not my concept of Joyful Trading index futures. That's a function of me, not the market. Take a look at it and see what you think as it pertains to you.19:53by ScottBogatin9
RTY is overextending on the upside and downsideI haven't look at RTY for a while now, till the Fri close where I shorted it at 2015.50, willing to add if we stretch into the maj resistance zone right where the upper Bollinger is, that is also a 2.618 extension off the lows RTY is overextending on the upside and downside compare to SPX . We hit 50% retracement off 2020 lows in June and I see the whole way as 5 down and 3 up here. We hit 110MA on Weekly as well as 200MA on Daily. If it's acting as it was on the way lower, SPX might not even reach 200MA in this case. We are at the very top for this bear market rally, it can still extend up to 2084-2108 We are also at/near 61.8 off Mar high and Jun low as well as near 50% off the ATH and Jun low retraement I will update the target for the Oct low after I see confirmations of the top. by RealTima664
For all the urban (RTY) traders in this market in the coming dayFor all the urban (RTY) traders in this market in the coming days, due to the formed reversal candle, equal to the number of buyers in the last 1h, which is shown in the drawn circles Shortby marwanbenmostapha1
Rty1! ES8.13.22 The Russell and the ES have foolish Swings, but the bigger pattern suggests that these markets will move lower and possibly make new lows. The bigger picture is that we are probably in a significant bear market....And I would be waiting for my trigger too short....As well as taking profits on the swing higher.18:49by ScottBogatin119
RTY1! - Weekly Market Update, 8/15Russell 2000 Futures post new BUY signal. We'll need to overcome the 200 day sma to approach our projected target Longby SpecialeAnalysis110
Notice the HOD from 8/11/22Gret location for the HOD for 8/11/22, POC of large consolidation areaby OutsideInTrader1
Elliott Wave View: Russell 2000 (RTY) Likely See Further UpsideShort Term Elliott Wave View in Russell 2000 suggests the rally from 6.17.2022 low is unfolding as an impulse Elliott Wave structure. Up from 6.17.2022 low, wave 1 ended at 1795.1 and pullback in wave 2 ended at 1680.6. Wave 3 higher is in progress as a 5 waves impulse structure. Up from wave 2, wave ((i)) ended at 1783.6 and pullback in wave ((ii)) ended at 1682.3. Index then resumes higher in wave ((iii)) towards 1920.7, and dips in wave ((iv)) ended at 1884.7. Wave ((v)) is currently in progress as 5 waves in lesser degree. Up from wave ((iv)), wave (i) ended at 1959.8 and dips in wave (ii) ended at 1904.1. Index then resumes higher in wave (iii) towards 2008.7. While wave (iv) dips stay above 1884.7, Index can see 1 more leg higher to end wave (v) of ((v)). This should complete wave 3 in the higher degree. Afterwards, Index should pullback in 3 , 7, or 11 swing within wave 4 before it resumes higher again in wave 5. This should complete the cycle from 6.17.2022 low before a larger pullback happens to correct that cycle.by Elliottwave-Forecast3
Up Trend Continues Until it Doesntno balance yet, still pushing higher after positive CPI #by OutsideInTrader1
Possible Breakout Failure on the Daily RTYWe broke out yesterday, now back into range so far today.by OutsideInTrader0
Russell2000 Targeting A 2000 TestIn 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 target00:52by Tickmill1
RTY1! - Weekly Market Update, 8/8/22Russell Futures completed countertrend BUY signal as per Ideal entry, stop and target imaged on the chart. Support and Resistance structures have been adjusted accordingly for your reference. Wishing you a blessed and profitable week ahead.by SpecialeAnalysis0
Will RTY Daily Resistance Hold?The RTY daily time frame is in a down trend. The market is hitting the down trend line. At the same time the market is hitting an up Fibonacci extension price point 1890.50. Usually when this happens. The market has a bearish reaction. If the market continues to push bullish and breaks the down trend line. It will be a strong sign the buyers are taking control. If the market cannot break and close above the down trend line. It is expected the sellers are taking control and will push the market back down. As long as the market stays below the daily down trend line. It will be a good idea to turn to the one hour time frame and to look for high prices in the sell zone. Shortby JoshuaMartinez334
RTY1! - Weekly Market Update, 8/1/22Russell 2000 Futures post a countertrend BUY signal ... Ideal entry, stop and target imaged on the chart. Support and Resistance structures have been adjusted accordingly for your reference. Wishing you a blessed and profitable week ahead.Longby SpecialeAnalysis0
HOD today, so far, is the POC from range 5/26/22 - 6/10/22See if this HOD holds and if so, I expect more downward pressureby OutsideInTrader1
RTY: Top of the Channel ShortSeems like we are re-testing the top of the channel; good place for good return/risk ratio to target bottom of the channel. Fundamentally, Russell should be strongest of the major indicies - being longest dollar (versus more internationally exposed names in S&P500 and NASDAQ100); technical targets are somewhat the same across the 3 indices; each targeting 14-16% downside from here assuming the floor breaks.Shortby quantitativetendiesUpdated 0