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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

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!
CME_MINI:RTY1!
by SpecialeAnalysis
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.
CME_MINI:RTY1!Long
by JoshuaMartinez
2
Elliott Wave View: Russell 2000 (RTY) Turning Lower post FOMCShort Term Elliott Wave View in Russell 2000 (RTY) suggests the decline from March 29, 2022 high is unfolding as a zigzag Elliott Wave structure. Down from March 29 peak, wave 1 ended at 1966.6 and rally in wave 2 ended at 2060.90. Index then resumes lower in wave 3 towards 1903.50 and rally in wave 4 ended at 1957.60. Final leg lower wave 5 ended at 1834.50 which ended wave (A). Wave (B) rally is proposed complete at 1951.85. However, the Index still needs to break below ave (A) at 1834.50 to validate this view. Internal of wave (B) unfolded as a zigzag in lesser degree. Up from wave (A), wave A ended at 1908.20, pullback in wave B ended at 1867.80 and wave C higher ended at 1951.85. This completed wave (B) in higher degree. Index has turned lower in wave (C). Near term, expect wave 1 to end soon, then Index should rally in wave 2 to correct the decline from wave (B) before it resumes lower. As far as pivot at 1951.85 high stays intact in the first degree, expect rally to fail in the sequence of 3, 7, or 11 swing for further downside.
CME_MINI:RTY1!
by Elliottwave-Forecast
RTY +1,400 Ticks long ideaThe RTY one hour time frame is in a large side ways range. The market is at the bottom of the range. The market is below the short term down trend line. It will be a good idea to wait for the market to break and close above the short term down trend line before looking for long ideas. Entry: Counter trend line break bullish above the bottom of the sideways range. STOP: In the sell zone, below the low that formed at the bottom of the range. LIMIT: 2055.7 Once or if the market closes above the short term down trend line. As long as the market stays above the bottom of the range. It will be a good idea to turn to the five minute time frame and look for tunnel trader long / destination trader long ideas towards 2055.7
CME_MINI:RTY1!Long
by JoshuaMartinez
4
RTY1! - Weekly Market Update, 4/25/22The RTY offered us a close below support but not with the 1%+ weekly confirmation we desire to consider a shorting opportunity at this time. While this market like the other major indices exhibit weakness, this does not meet my criteria to consider taking a trade at this time. However, continued settlements below support should yield 1825 in the coming weeks. I'll need to wait for this one to develop a bit further to for a technical setup. Ascending and descending channel structures have been marked up on the chart for your reference if you're trading this market. I hope you find them helpful! Wishing you a profitable week!
CME_MINI:RTY1!
by SpecialeAnalysis
RTY1! - Weekly Market Update, 4/18/22Imaged is a WEEKLY chart of the Russell 2000 Index. Price appears to be caught right between an area of support and resistance. Price would either need to break through the TEAL structure to go lower, or rally through the BLACK structure to go higher. The likeliness is the momentum of the larger indexes will pull this price action of the Russell along with it. I do not see any actionable trade ideas with price residing where it currently does at this time.
CME_MINI:RTY1!
by SpecialeAnalysis
Elliott Wave View: Rally in Russell 2000 (RTY) Expected to FailShort term Elliott Wave view in Russell 2000 (RTY) suggests that the decline from November 8, 2021 peak is unfolding as a 5 waves impulse structure. Down from November 8, wave (1) ended at 2136.8 and rally in wave (2) ended at 2288.60. Index then resumes lower in wave (3) towards 1892.40 and wave (4) ended at 2137.10. Wave (5) lower is in progress with the internal subdivision as another impulse in lesser degree. Down from wave (4), wave (i) ended at 2119.30 and wave (ii) rally ended at 2131.60. Index then resumes lower in wave (iii) towards 2079.10, wave (iv) ended at 2102.60, and final wave (v) ended at 2062.80. This completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 2107.90 with internal subdivision as a double there Elliott Wave structure. Index then resumes lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 2055.20 and rally in wave (ii) ended at 2068.10. Index then resumes lower in wave (iii) towards 1999.50, and bounce in wave (iv) ended at 2031. Final leg lower wave (v) ended at 1978.80 which completed wave ((iii)). Bounce in wave ((iv)) ended at 2030.30 with internal subdivision as expanded flat. Up from wave ((iii)), wave (a) ended at 2015.90, wave (b) ended at 1966.60, and wave (c) ended at 2030.30. Expect the Index to extend lower in wave ((v)) before completing wave 1. Afterwards, it should rally in wave 2 to correct cycle from March 30 peak in 3, 7, or 11 swing before the next leg lower.
CME_MINI:RTY1!
by Elliottwave-Forecast
Elliott Wave Analysis: Russell-Small Caps May Face More WeaknessHello traders and investors! Today we will talk about small caps - Russell 2000 Index in which we see nice and clean bearish setup, which means that Russell may face even more weakness in current risk-off sentiment. From Elliott wave perspective Russell can be trading in bigger, higher degree A-B-C corrective decline, where wave C is still missing. We can see five waves of decline into first leg A, followed by a three-wave corrective rally in wave B, so wave C can be now in play. From technical point of view, Russell made an impulsive drop from the highs and retraced perfectly back to the former wave 4 resistance area, from where we can already see sharp sell-off that can take us much lower, especially if breaks channel support line. Well, seems like bears are still in control and we should expect more downside pressure in upcoming days/weeks, maybe even down to 1500 area, but firstly we want to see broken 1900 bearish confirmation level. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CME_MINI:RTY1!Short
by ew-forecast
1