Russell Leading The Dax?In this update we review the recent price action in the Russell and the Dax and identify some high probability trading patterns to take advantage of
RTY1! trade ideas
RTY Neckline Test - FOMC EveRTY set the Higher Low after a break and cross of the 15 min8 EMA and MBB.
Still Bullish - A Game of VolumeHave taken a step away from charting for a few days. Not because I wasn't interested or concerned, but that I simply had more important things to do than ponder my money.
I am unwavering in my conviction that this year will see new ATH in major indices. I will expect a nice bottoming structure to begin to form here.
We lost the first major volume support and tumbled from there. The VWAP as anchored from the march 2020 low picked out the magnetic price level as to where we would, at least temporarily find support.
I like this action, not only as a relief rally but as an important bottoming signal.
1: RSI is oversold and rebounding
2: We have heavy volume supporting
3: the Put/Call ratio is probably turning down from here
4: We have regained the secondary volume defined support level
Watch and see if it holds that secondary support (yellow) and then we see some action.
Stay safe out there, manage your risk.
Russell Targeting Equality Objective at 1937In this update we review the price action in the Russell 2000 and identify the next high probability trading opportunities and price objectives.
Short the RUT forever? Maybe not.Our account is showing a good profit after shorting the Russell 2000 index at 2:00 Thursday afternoon and again at the same time on Friday. Validating our view, the R2K cratered in the last two hours of both days' sessions.
To expect Two O'Clock Charlie to deliver such a bomb every day from now on would, of course, be ridiculous. This chart shows two technical signs of a likely near-term snap back:
The index is lurking at the bottom of a one-month trend channel on the 4-hour Heikin-Ashi.
The index is extended from the 50-period moving average.
Don't get us wrong. If the RUT looks to get hammered Monday afternoon, we'll be sellers. But if it doesn't, we'll be offsetting contracts to take our profits, and ready to watch for fresh sell signals as the RUT reverts to the trend median (or farther) and the 50MA.
k, well this one is much less attractive to long (rty1!)i dont even want to talk about the market, but here it is begging to short.
The RUT Futures Break of the Rectangle Measures to under 1900.The RUT futures had been in a rectangle, for months. The width is around 222 points. To me, the first objective is the width of the rectangle from the breakdown. That would measure to under 1900.
RTY1!1.21.22 RTY1! : I think the Russell is trading lower to a level to be a buyer. (I also include a sermon about how markets move...free of charge).
RTY - Daily Russell 2000Looking about cooked for now.
2/5 Setting up.
The 2282 was a brilliant SELL, it simply collapsed
from there 250 Ticks.
__________________________________________
Small Caps have no real hope, nor access to Capital.
Later in 2022 after 5/5 completes, this Index will lose
90% of its Price Value.
Bottom fishing Russell2000 and SPXMeasured-move, swing low, RSI daily oversold, markets overreacting (no reason for bear market). Good setup for bottom fishing.
RUSSELL 2000 SHORTAs we could see, the Russel was going sideways many months. Now we break out of the $2107 support this week. And that is very bearish. If the price will further go down and can not come back to its support level, we could have a much bigger correction (15%). This theory is pretty simple to thought, there is no important support line than $1706 because in this price range was mainly a bull run.
RTY UpdateOversold but that doesn't seem to matter anymore. Broke the support line today
If this is a bear flag or any other 2 step move then it appears small caps could tank until the Fed meeting. Then a Fed meeting pump.
Anyone wanna guess what the overlay is? Note, I did not change the time scale at all.
fractal!Very interesting fractal shows that pattern making right now is very similar to 2018 correction seen in RUT.
RTY BullishAs long as it holds the thick blue trend line we should see a nice bullish run. Every time price drops into the 2100 to 2135 zone the buyers are stepping in aggressively and driving price up. Will be going long as soon as the QQE turns positive. Stop just below recent swing low. Not financial advice.
TOP ALERT. Russell 2000Yeah, bruh. That's a top without funny money to help the pump. Watch for a 30% fall from the highs into buy zone #1. This would officially make this a crash but there is nothing saying it will stop there. This is just a technical zone. Follow me on Twitter for more. Or don't. I don't care.
RTY UpdateMFI and RSI now oversold. Same with ES and YM. NQ RSI is not oversold yet.
I'd wait until teh market gains a little traction before going long though. I think the market gaps up and closes the gap tomorrow, so I might wait until tomorrow morning.
Critical Juncture ?!?a clear break of support should see a much deeper correction!!! Be careful! No time to be reckless!!
RTY One Hour Long IdeaThe RTY one hour time frame is still in a down
trend. The market is making lower lows and
lower highs. According to the daily time frame.
The market is expected to push bullish towards
2314.5 about +1,412 ticks above the market. It
will be a good idea to wait for the one hour time
frame to break the short term down trend line
and enter into the buy zone. Before looking for
long ideas.
Entry: Counter trend line break bullish in the
buy zone.
STOP: In the sell zone.
LIMIT: 2314.5
Once or if the market enters into the buy zone.
As long as the market stays in the buy zone. It
will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
Destination trader long opportunities.
1790 Ticks bullish opportunity RTYRTY E-MINI RUSSEL 2000 is at the support area and support seems to be holding we just waiting for the U-turn wants or if we get the counter trend line break into buy zone that will be our entry signal
entry === counter trend line break into buy zone
stop ====2092.6
limit====2294.2
trade safe
