Channel and Monthly PivotsBy the time we recognize a pattern, it's normally too late to take action on it. Despite that, here's what has been developing.
RTY1! trade ideas
Russell Targeting A Trendline TestIn this update we review the recent price action in the Russell futures contract and identify the next high probability trading opportunity and price objective to target
Key Technical Areas In The E-mini S&P, Nasdaq & Russell 2000We're in a phase of the markets where the E-mini S&P 500, E-mini Nasdaq 100 & E-mini Russell 2000 Futures are all moving together without divergences. This is a good look for Index traders because when the Indexes are working together we get cleaner moves. In this video I go over the key technical areas I am seeing in these Indexes and how I now have a line in the sand for the bulls to hold. In the video I use Bollinger Bands, Anchored VWAP, 10 day simple moving average and my Beacon Indicator (it's free and open source here on TradingView).
I mentioned in the video I am using Micro Futures to execute some of these trades. To learn more about these products go to CME Group's website. I am also executing my futures on TradeStation which you can connect to TradingView to trade spot, futures and crypto. To learn more you can go to TradeStation dot com/anthony.
Derivatives trading is not suitable for everyone. Past performance is not indicative of future results.
RTY Update (MFI very oversold)Small caps got rejected by resistance (the old support), I think it drifts sideways and then eventually collapses again.
After I saw this plot I flipped all my puts, will re-enter when RTY challenges the resistance again.
ES Russell5.29.22 ES and Fussell going higher, and then look for sellers, and possible new lows. Started to talk about the Medallion Fund.
RTY1! - Weekly Market Update, 5/31/22Russell 2000 triggers a buy signal, however like the Nasdaq and S&P - the risk outweighs the reward. For the shorter-term trader, employing a smaller time frame strategy - perhaps this market could offer some continued relief rally upside. I've adjusted support and resistance structures accordingly for your reference.
MICRO E-MINI RUSSELL 2000 INDEX FUTURES (CONTINUOUS: CURRENT CONPenetrating the strongest areas of strong resistance and reversing the trend to become a powerful ascendant There is a very strong chance of ascending while continuing to accelerate upwards
RTY Daily Support Shows it is holdingThe RTY Daily time frame is in a down channel. The
market hit the bottom of the channel and found
support. The market is now pushing bullish towards
the top of the channel price point 1936.2 about
+803 ticks above the market. It will be a good
idea to turn to the one hour time frame and to
look for long ideas in the buy zone.
RTY1! - Weekly Market Update, 5/23/22Russell 2000 has settled practically right on the key BLACK support structure I mentioned last week.
I do not see a setup to execute at this time based on current support and resistance structures.
If anything should change, I'll gladly issue a midweek update...
Wishing you a blessed and profitable week ahead!
Recession? Then Why is the RTY Outperforming?Usually a slowing in the economy hurts the growth oriented RTY the most. Instead, it is outperforming.
Russell Testing Pivotal ResistanceIn this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading opportunities and price objectives to target
A long-overdue small-cap reboundThe small-cap Russell 2000 Index has been the underdog among the four major US indices since last year. Its post-pandemic rally halted in early 2021, and subsequently, it went sideways for more than a year without making new highs. Meanwhile, the tech darlings continued to go north all the way until the beginning of this year.
The first half of 2022 has been marked by widespread risk-off sentiment and a precipitous drop in the US equity market. After being down almost 30% from the high, we now find the Russell 2000 Index at significant technical support levels that we believe a meaningful rebound will likely ensue.
The Index has bounced right at the 50% Fibonacci retracement level near 1700. We also observed bullish RSI Divergence where price made lower lows, but RSI showed higher lows, suggesting the bearish momentum is waning and at the cusp of a reversal.
Entry at 1806, stop above 1680. Targets are 1880 and 2100.
Disclaimer:
The contents in this idea are intended for information purposes only and do not constitute investment recommendations or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
RTY - JunkCo IndexIndependent Producers remain in implosion mode.
Bankrupt Companies feigning existence worthy of a Bid.
Chasers will be wrecked again 1610 fails and it's going
to lose 90%+ into 2023 October.
______________________________________________
For now - the Flamingo is having a bit of difficulty getting
gamblers back to the tables.
A complete horror show... this JUNK.
RTY1! - Weekly Market Update, 5/16/22Nasdaq futures like the other major indexes have tested their BLACK channel monthly support structure and have at least based on this past Friday's action bounced slightly. Even if this downtrend continues, there's likely to be some relief at this point. If this past Friday was all of the relief or not, that's yet to be seen. I do not see any actionable ideas offered at this point in time on this particular index. Stay calm, disciplined and consistent - those who do will prevail. Wishing you a blessed and profitable week!
RTY down Fib hitThe RTY daily time frame is in a down channel.
The market is at the bottom of the channel where
support could be found. If support is found, the
market could push bullish towards the top of the
channel price point 1944.1. If support fails. The
market is expected to push bearish towards the
daily down Fibonacci price point 1700.6 about
-869 ticks below the market. It will be a good
idea to wait for either A) the market to close
below the bottom of the support then turn to
the one hour time frame to look for short ideas
towards the daily down Fibonacci
or B) Support holds and the market creates a
bullish trend and pushes bullish towards the top
of the channel price point 1936.2 about +1,482
ticks above the market.
Believe it or Not, The RUT 2000 has Hit Major Support.The rut2000 has finally achieved the downside objective. Because of that, I am leaning long RUT stocks.
RTY DailyOversold on RSI and MFI, and it hit my target line which is the price level pre-COVID
Old resistance is new support so I expect a bounce around here, some garbage stocks are green already today
Russel M2K: short to $1769 first area of supportFollowing the fibonacci ladder of decent, $1769 is the next area of support. If not a sharp bounce or cuts through fib 8, fib 13 at $1358 is next support level.
Upside resistance $2047(unlikely), $1965, and $1883
RTY1!5.9.22 RTY1!: The Russell is moving lower to where I would expect to find buyers, and gave a review about how I find the range boxes, and how I try to manage my charts.
FUTURE Russel 2000 M2K still short MK2 Still Down But opportunity to short on Pull back
See here Bigger picture (D left ) showing last contraction Zone
where as small picture (30m right ) offer Likely Pullback
and potential SHORT OPPORTUNITY
Short From FibFan 0,618% (Cyan Colored) on the graph
Russell Trading The Wedge BreakIn this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading strategy and price objectives to target
RTY - MegaphoneZero Bound.
An Insurance Company with Annuities @ 5% cannot exist at net negative Returns.
They go out of business.
RTY is DOA in time.
