RTY1! (Russel 2000 fakeout or breakout) ? - Fakeout so far.(Opinion only)
Just a chart, think for yourself. :)
RTY1! trade ideas
RTY longLong RTY
After consolidating of roughly 185 days, it looks like the RTY is ready for a nice break out
First target 3463 zone
Second target 2600 zone
Invalidation day close below 2284
Russell 2000 measured move after the breakoutRTY/IWM looking for a measured move after a long consolidation. I'm thinking it will retest the high of 2366 before the run.
RTY UpdateMFI went overbought as expected, but RSI didn't because of the indirect effect from AAPL and AMZN miss.
Could go either way Monday
Russell2000 Trading Wave 5 In this update we review the set up for a wave 5 extension in the Russell
RTY UpdateLooks to me like it wants to go overbought again. I told you guys yesterday it was oversold.
Small caps probably rally tomorrow since it's Ponzi Friday, ES and NQ direction will depend on AAPL and AMZN earnings, but I'm stating teh obvious.
RTY1!10.28.21 Russell I am multitasking on this video. There was something to talk about on the Russell, as there could've been short trade here using opening price. This market has become a little bit more difficult to evaluate because of the way it's moving, and sometimes it's not clear to you, and it's not easy to have a comfortable sense of the market. So I talked about that. On a private chat I sensed that that trader might be getting stale. If you trade long enough you will have many periods when this will happen. You have to respect this. You need a break. There is something else which I think it's very important from my own experience, and that is if you're learning something new and you're getting ready to make changes in how you will trade, you should use this opportunity is if you only have a couple of months and learn as much as you can while accepting digital have to work extra hard because it's not something that's very clear to you in the first place. This will cut through the initial learning phase when you have the energy, and it greatly increases your chance of using new information because the first part of learning is the hardest, and now you have momentum because you dedicated a month or two. This is not a lot of time when you consider you may be trading for 30 or 40 years. Once you work hard at something, and you take a break, you will frequently find that not only did you retain what you had just learned, but the break from trading set you up for the next period of trading and that this fresh restart results in a better understanding in what you had previously just learned. Well-timed breaks result in more epiphanies. Generally, it is not a good thing to trade when you know you're unclear about the market, or when you just don't feel like trading the market. Take the break.
RTY1! - Wedge Back-TestThe Yearly Bull Flag continues as The Russell 2000 consolidated back to test the wedge pattern. Guided down today by the 2 hour 8 EMA, the Bollinger Bands have opened up and fallen away. Support was found at the Daily MBB.
RTY MFI oversoldRTY MFI oversold, not sure if RSI also needs to go oversold, but looks like a pump tomorrow
RTY UpdateThe only index that actually looks bearish, RSI dropping with MFI.
Could be a mixed open tomorrow. Tech depends on earnings
MY TAKE ON micro russellMy thoughts and analysis on the Russell 2000 Micro/ Multi timeframe/ 4 hour trend, 15 min analysis and 3 min for trading
RTY UpdateSmall caps getting pumptarded. Target is around 2400 around next Wed, but there's a chance it could get rejected at 2350 resistance.
Note that it's close to overbought again, but market doesn't care during a melt up.
Not posting any other indices because all I'm gonna show is a melt up.
Russell 2k futures looking to breakout possiblyfrom a weekly standpoint as the MACD and RSI are making a bullish divergence the Russell 2k has been going sideways for some time. I believe its consolidating to breakout and we are about to do so. Comments are welcomed.
RTY1! - Back Into CompressionThis pattern is nearing an apex, with Opex in the rearview the rotation between NASDAQ the Russell on top watch; driven by yields and the 10 year note.
Small Caps CoilingRTY appears to be coiling, probably goes overbought on MFI tomorrow then back down.
More whipsaw coming, lol. Not enough up side to bother buying calls.
RTY breakout imminent?RTY looking real bullish. could be a solid trend up from here. post in comments your opinion. GLTA
RTY PennantJust in case anyone missed this pennant forming. Two possible upper trendlines. Im inclined to the red one since rates are going up, but just keep your options open. Small caps ought to deflate IMO, junk that has been propped up hardest by the Fed.
New trading strategy upgrade - Russell 2000
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Good luck guys.
E-Mini Russel 01 OCTOBER 2021 Take a look at the daily and you will clearly see that its been stuck in equilibrium for some time (approx 23 days).
In this situation you are best to set alerts at the extremes of the trading range (as i have done with the red and green horizontal boxes). When and if an alertis triggered you can check to see if a intraday set-up is materializing.
However, there is a plethora of other options to trade. Take a look at other future. S&P is hittingh a LOT of demand and it appears as if they are positioning to the long side for another leg.
Keep your trading easy. There is no reason to make it more challenging that it already is. Trading within a trading range is higher risk and requires higher skill (IMO).. even if you are highly skilled and patient, why mess with something risky? The goal is to make money... period.
You wont get any cool points for taking more risk. Its your wallet at stake, no one else's.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
RTY whipsaw continuesStill doing the rangebound whipsaw, looks to me like it goes overbought by Tuesday and drops back down.
Small caps have a tendency to fill gaps (on the index, not futures) so maybe it fills the gap then cycles back down. If anyone has a good way to predict this whipsaw, I'd like to hear your theories.
