RTY1! trade ideas
RTY OverboughtNot sure there's an opportunity to short, but I certainly wouldn;t chase it from here.
RTY1! at 200 Hullmalooks very tired.
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 Test 6+1 Trend trading
+1 High time frame (1H ~)
+1 Candle Trading
+2 Using the moving average
Strategy Quality 5 / 10
RTY [$IWM] | One Last Push to All Time Highs Before A CorrectionPrice broke out from a bearish ascending channel and has since been consolidating within a bullish flag
A break out of this bull flag should push price higher (~$1900) where it will likely find resistance.
I will look for short opportunities around the ~$1900 psychological level and/or wedge retest.
Upside targets: $1880, 1890
Downside targets: $1850, $1810, $1750
RTY UpdateDoesn;t look like the market will dip until both RTY and YM are overbught.... so probably tomorrow afternoon or Monday
RTY UpdateSeems to be the only logical reason why teh algos are pumping futures.... to get RTY out of oversold territory.
ES is overbought but the market appears to be mlting up anyways. Thursdays are usually bearish, so not chasing the pump
ES and RTY consolidation targetsES / SPX
ATH gives a bullish stance but looking for a correction / more consolidation first.
Looking to retrace to first stop @ 3630
POC for the current run up from 02 Nov 2020 is @ 3560
RTY / RUT
Consolidating below POC, if there is a close below 1822 a retracement to VPVR nodes is likely
First Retracement to 1800 (weak support) then to the next much more solid node @ 1780
A close above current POC of 1845 will generate a probable break of ATH
Russel 2000 (RTY/IWM) Potential ReversalBearish Rising Channel. Short the confirmed breakout. Goodluck!
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RTY, IWM, Russell, small rally ahead then short-term bearishRTY looking for a small leg up before a short-term correction.
Russell 2000 future trendline Right at weekly trendline resistance now. Interesting to see what happens next.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
RTY at ATH and MFI overboughtMFI overbought but small caps still rallying while otehr indices drop. Obvious sector rotation if you look at IWM and QQQ intraday charts.
No idea why... very strange. In any case, overbought.
RTY IWM RUSSEL 2000 short , early positionRUSSEL 2000 gettin overbought due to sector heavy rotation of last weeks. Possibility to open a entry position here and scale in if it breaks down below 1815$. 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....
