RTY, IWM, Russell, small rally ahead then short-term bearishRTY looking for a small leg up before a short-term correction.
RTY1! trade ideas
Russell 2000 future trendline Right at weekly trendline resistance now. Interesting to see what happens next.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
RTY at ATH and MFI overboughtMFI overbought but small caps still rallying while otehr indices drop. Obvious sector rotation if you look at IWM and QQQ intraday charts.
No idea why... very strange. In any case, overbought.
RTY IWM RUSSEL 2000 short , early positionRUSSEL 2000 gettin overbought due to sector heavy rotation of last weeks. Possibility to open a entry position here and scale in if it breaks down below 1815$. Average down if market push up higher or use SP500 as reference for stop loss. Shorting is super tricky and it's impossible to time them perfectly. This is a counter-trend play, so very risky. Regression to 20ema should be achieved before another push up.
PT1:1815 (small pullback)
PT2:1753 (retracement)
R2K Ripe for PluckingMFI, RSI topping at ATH, Sector rotation out of megacaps is the money flow. Looks like a complete 5-wave EW impulse.
Ofc it can still get higher. Odds seem to favor short in near-term. Just an idea, not advice; trade at ur own risk, GLTA!
RTY Way the heck OverboughtExpecting this to start dropping either this afternoon or tomorrow.
You definitely don't want to chase small caps.
RTY - May/June overlayOverlayed the May/June rally to see where we're at....
Take it for what it is.... not suggesting a huge dump will happen next week....
IWM/RUT going for megaphone top touch, short to commenceClassic top of megaphone -- Market up but showing weakness. SPX similar situation, but dollar waking up and showing real strength now. Time is ticking
Long RTY / Short ESIf we're above these levels I gotta consider adding something like this position. Just a lil bit. And ease in more if it's working. RTY/NQ is also looking like a massive base is forming, but I feel like it will take more time to heat up. At any rate, at some point this train is leaving the station. Just don't want to be too early or too late.
RTY MFI overboughtI have no idea why the market is pumping the piss out of small caps....
MFI overbought and chart pattern suggest a possible exhaustion gap tomorrow. Bought RGR uts this morning fortunately the small cap pump hasn't impacted it much.... yet.
Russell Version to the Mean
Continuing my idea from yesterday - multi day picture shows whats been going on.
Interesting is the volume profile - or rather the lack there of - this a one hundred point plus move that was initiated before the latest vaccine news.
Lots of measurable divergences - but the forces that be are keeping this up - the cumulative deltas have gone negative.
Look forward to seeing this return to the mean.
Russell Back Test
I monitor to RSI of bunch indexes using TV alerts - last night RTY was under 25% - and now it just turned to 75% as I'm typing.
However this looks like a back test before we move lower, impressive ranges in the Russell - its moving as much as the /ES on daily basis.
Good dose of divergence at this point which is outlined in chart.
Naked VPOC at 1744 that needs visiting - that's 40+ lower.
RTY MFI way overboughtSmall caps tend to fill gaps and there's a lot of them below. Not shorting yet, but if you're so inclined, I'd go Dec puts.
RTY MFI went oversold overnightRTY MFI went oversold last night, obvious sector rotation as small caps are outperforming everything else.
