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E-Mini Russell 2000 Index FuturesE-Mini Russell 2000 Index FuturesE-Mini Russell 2000 Index Futures

E-Mini Russell 2000 Index Futures

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RTY1! trade ideas

Elliott Wave View on Russell 2000 (RTY) Calling to Resume HIgherShort Term Elliott Wave view on Russell 2000 (RTY) suggests rally from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave 1 ended at 2311.4 and pullback in wave 2 ended at 2198.51 like the 1 hour chart below shows. The Index then extends higher in wave 3 with internal subdivision as an impulse. Up from wave 2, wave ((i)) ended at 2240 and dips in wave ((ii)) ended at 2203.3. Rally in wave ((iii)) higher ended at 2424.5 and pullback in wave ((iv)) ended at 2386.5. Final leg wave ((v)) ended at 2455.6 which completed wave 3 in higher degree. Wave 4 pullback is in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave 3, wave (i) ended at 2425.9 and wave (ii) rally ended at 2449.7. Wave (iii) lower ended at 2396.3 and wave (iv) rally ended at 2413.8. Final leg wave (v) ended at 2391.4 which completed wave ((a)) in higher degree. Rally in wave ((b)) ended at 2435.6. Expect wave ((c)) lower to end at 2330 – 2370 area to complete wave 4 in higher degree. From there, the Index can then see further upside or rally in 3 waves at least.
CME_MINI:RTY1!
by Elliottwave-Forecast
1
Russell 2000 On verge of breakoutof a continuation inverse head & shoulders these projections are IMHO likely to be the final nail in the coffin for this massive bull run one of the complaints from Analysts is the lack of breath in the market well when the russell reaches these projections these analysts will likely claim victory and say see NOW we have a real bull market which is when you should be seeking shelter as when the last bears are bullish it means there is no one left to convince. And after 16 years from the 2009 bottom would be a fitting end to the secular bull With a Trump victory likely .. The Dems will in all likelihood prefer to leave him a big mess to clean up than a booming economy.
CME_MINI:RTY1!Long
by BallaJi
2
Russell 2000 Rejects Demand Zone: Is It Time for Bullish Season?The Russell 2000 Index, a benchmark for small-cap stocks, is showing signs of a potential bullish reversal after testing a previous demand area. While many retail traders are still positioned for further downside, current market conditions suggest a possible contrarian opportunity for a long position. Demand Area Rejection and Retail Sentiment The Russell 2000 has recently encountered a strong demand zone that has historically acted as a reliable support area. The index's initial rejection from this level indicates potential buying interest, which could pave the way for an upward move. However, retail traders remain predominantly bearish, anticipating a continuation of the downtrend. This positioning often suggests that the majority expects more selling pressure, which could lead to a squeeze in the event of a reversal. Why the Long Setup? Contrarian Approach: When the majority of retail traders lean toward one side of the market, it often creates an opportunity to take a contrarian stance. With retail sentiment heavily skewed towards further downside, a long setup becomes increasingly appealing. Historical Seasonality: Historical data over the past decade suggests a pattern of upward price movement for the Russell 2000 during this time of the year. The index has experienced notable gains in the fourth quarter in nine of the last ten years. This seasonal trend aligns well with the current technical setup, providing further confidence in a potential bullish move. The Technical Picture From a technical perspective, the Russell 2000 has shown resilience at the current demand zone, suggesting that buyers are stepping in. For a confirmed long setup, traders should watch for bullish candlestick patterns, such as an engulfing or hammer formation, on the lower timeframes or even the daily chart. This would provide confirmation that the reversal is underway. Let’s see how the index performs over the next few sessions. Keep an eye on key levels, and feel free to share your thoughts in the comments!
CME_MINI:RTY1!Long
by FOREXN1
1
Russell 2000 Index: Bullish Breakout Indicates Further GrowthRussell 2000 Index: Bullish Breakout Indicates Further Growth The Russell 2000 index has completed an unusual variation of an Inverse Head & Shoulders pattern, suggesting further growth. It just broke out from the neckline of the pattern, showcasing increased bullish momentum. The broader trend remains bullish and intact. The US elections may support this growth, at least in the short-term. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CME_MINI:RTY1!Long
by KlejdiCuni
1
NAVIGATOR Support/resistance in real time [/urlSick and tired of lagging indicators? Sick and tired of the repainting? Wondering where to enter or exit? Blue ribbons are SET in stone at market open (RTH) and do not move through out the day to give you a "guide". Grey support/resistance zones are evolving thought the day as the markets are ever changing EVERYTHING is a mathematical..... why not trade off of mathematical areas or zones? So many trade opportunities its not even funny. Wether youre a scalper or long term intra-day trader this system just works with clear and defined areas of interest. Let the NAVIGATOR show you the way
CME_MINI:RTY1!
by wildtrade1
US small cap breakout sets scene for run to record highsRussell 2000 futures closed at cycle highs on Wednesday, benefitting apparently from optimism Donald Trump will win the Presidential election. That may be so, but for the US small cap space, technical signals often come across as far more important when it comes to directional risks than any fundamental factor. The latest rally was sparked by a break of downtrend resistance, sending futures surging through the downtrend running from the 2024 highs set in late July. While some may not put much weight on it as it was only established last month, running from two cyclical peaks, the downtrend comes across as decent level to build a long setup around. Traders could buy above the downtrend with a tight strop below, initially targeting 2320.6. For the trade to stack up from a risk-reward perspective, we’d need to see a push towards 2378.3 or 2460.8, the latter coinciding with the record highs set in the early stages of the pandemic. Momentum indicators continue to generate bullish signals, adding to the base to buy dips or breakouts. Good luck! DS
CME_MINI:RTY1!Long
by FOREXcom