RTY EOD UpdateWell, RTY and ES RSI hit oversold. I have no idea what this selloff is about, I'm just gonna stay cash. Might day trade tomorrow if I see something. Really strange day, Powell didn;t say anything new, and he had a more dovish tone than last time.by hungry_hippo337
RTY UpdateMarket looks like it wants to go up but RTY needs to fill the gap and TSLA is eating shit, lol. MFI is oversold on ES and RTY, but not NQ. I think one more small down move, but I already went long on PCAR stock for earnings because it bounced off intraday support. Gonna add if it tanks this afternoon. I think that's all I'm willing to do in this wacked up market, lol. I've made a bunch of money on PCAR stock this year, so I'm willing to risk it on that stock. It usually gets a pre-earnings pump the Friday and Monday before earnings, so you can bail out Monday afternoon if you don;t want the earnings gamble.by hungry_hippoUpdated 998
RTY_F: Russell forming a Bullish trend?The latest downtrend in the Russell 2000 futures contract chart has expired and a new bullish reversal signal formed here.💹 Don't miss out this low risk buy opportunity in small caps. Big picture is still not clear given the macro backdrop, but you can trade swings tactically with low risk and high probability of success using insights from Time@Mode like the one I'm sharing here.🧠 Best of luck if you take the trade.🤝 Cheers, Ivan Labrie.Longby IvanLabrieUpdated 112
RTY UpdateSlept in and missed the fun. ES gap is almost filled buy RTY has a long ways to go. I told my followers NOT to chase the pump Monday, at least I was right about something, lol. That morning rally yesterday confused me a bit, didn;t short anything.by hungry_hippoUpdated 6
Small Caps Ultimate Bear ScenarioIn case you're wondering what that red line is.... it's my bear scenario line. The last time Fed raised rates, small caps tanked. See highlighted area. Rates are higher now then they were back then. Plus RTY broke the blue line, and MFI is high enough on the daily that there is a lot of room down. There's no reason why stocks like PTON or BYND can't go to $1. Is PTON really worth $1.7B at this point? Not saying this happens, but either way, the open weekend gap needs to fill on RTY so I'm bearish until it does. by hungry_hippo226
#RTY Potential Pitchfork PlayIn this update we review the recent price action in the emini Russell2k futures and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:14by Tickmill4
RTY UpdateOdd, MFI is overbought but it looks like it wants to melt up until RSI gets overbought for the 4 day short squeeze. There is a gap underneath RTY just like ES, so I expect it to tank after the squeeze. Looks like money rotating from tech to garbage, lol. Gonna opt to stay cash, not shorting anything and def not buying garbage stocks. by hungry_hippoUpdated 117
Russell - Long Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions. Longby JorgeSoteloUpdated 4
HOW-TO Use the new PB Trade Setup in the MTPredictor ScriptsIn this How-To video, we take a look at how to use the new PB or Pullback Trade Setup in the MTPredictor Invite-only Scripts to uncover potential trade setups. As an example we take a look at a recent Chart of the Russell Index on a 3min Chart. As you will see from the video, this setup is designed to catch a minor pullback against a previous strong trend. The idea is that it positions you to take advantage as the prior strong trend then resumes. The Target for the Trade is the Typical Wave C WPT (Wave Price Target). More experienced Traders can look to "run" their Trades further by using the ATRStop, if the Market trend is "Strong" (MTPTrend beyond its strength band) as the Market reaches its Target. Not all Trades are profitable, that is why we use Position Sizing to keep the losses small (all trading approaches have losses). Remember, MTPredictor is not a "Black Box" system, where all signals should be taken, we only suggest considering trade setups, when there is a clear picture on the Higher time frame charts, this is essential. Please also remember, that no matter how clear the picture may seem, losses can and always will unfold when trading, that is why Stops are vital. Please keep your losses small, and then look to run your Profits. The aim is, over time, to have Profits that are larger than the losses, which does not mean a high % of winners, just that the winners are larger than the losses over time. Lastly, please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always use Stops and keep your losses small.Education06:37by MTPredictor1
Russell 2000 Analysis Support And Resistance LevelsHere in this video I go over the support and resistance levels of the Russell 2000 and go over why the Russell may be something very interesting to be looking at as it is testing some pretty major levels. I am using a renko chart and very briefly show the candlesticks but overall I go over the powerful levels on the Russell CME_MINI:M2K1! AMEX:IWM RUSSELL:RUT Long04:25by FlippaTheShippa1
Can The Russell 2000 (Small Caps) Rally? Small caps have been under pressure this year relative to larger market cap weighted benchmarks. Higher interest rates will remain a headwind for the Russell 2000, and to see more upside, we will need to see interest rate yields come off of their highs. As of late, we have seen some relief on the longer end of the treasury yield curve, which has provided some support for the Russell. Moving forward, major support and resistance levels will come into play, and we will cover those levels here. The Russell has built out a perfect head and shoulders pattern, and we can see that after the breakdown of the right shoulder, the Russell eventually found its footing at the 1720 – 1725 level. This will remain a major support level moving forward, and a break and close below is likely to be coupled with higher interest rate yields and more selling pressure. Major resistance will remain at the 1820 – 1825 level, where the market has failed to get above numerous times. If we can break and close above this level, it is possible we could see more upside momentum, and this momentum is likely to be coupled with a rally in treasuries. This is a very wide technical range of 100 points (1720 – 1820 ) however, the Russell is one of the most sensitive indices when rates are quick to change direction. It is possible that the Russell would be more range bound until there is confirmation in the direction of the U.S. Economy, and interest rates. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. by Blue_Line_Futures0
RTY UpdateThe weakest of the indices, small caps look like they're headed to the bottom again. Might go oversold tomorrow and bounce.by hungry_hippo5
Futures trading setupFutures trading set up - Make sure that the two ema crosses on the top and bottom and that in the macd you have a green candle to long and a red candle to shortby spacechicken110
RTY IWM bottom should be inThe bear move on RTY looks exhausted. 3 wave Zig Zag complete. B2B daily hammer candles, daily stoch and RSI been oversold. Volume turning bull. Looking for top of the range by EOY or Q1 some time. Longby Nicklaus683
RTYP UpdateSmall caps tend to whipsaw at the bottom, so the next couple of weeks may be hard to predict. Playing it by ear. More than likely not trading tomorrow and waiting to see what happens over the weekend with the Fed budget. I don't worry about nailing the bottom because I do short term trades. Just bet on days when you can figure out market direction.by hungry_hippo228
RTY M2K Looking to bounce and move to highs if it holds above consolidation range look for a move up to recent highs. Longby Average-Canadian0
RTY UpdateRSI and MFI hit overbought, gonna be a dip tomorrow (or tank) regardless of the fed budget news.by hungry_hippoUpdated 558
RTY1! big picture analysisBig picture analysis, looking to see if this triangle plays out (bearish, in this case). Triangle could end up being bullish (temporarily) as well, depending on how it bounces between these pivots.by discobiscuit0
RTY Daily UpdateDaily indicators are oversold, but the last time we had rate hikes and a fed shutdown, RTY went waaaay oversold. Not chasing the drop, but I've been warning my followers to wait until at least next week to go long. My advice has not changed.by hungry_hippo887
RTY UpdateMFI actually went overbought today and it still hasn't hit my blue target line. ES and NQ look like they want to bounce tomorrow but small caps may actually go down. Staying cash for now. As weak as the market looks, there's a possibility that it breaks the blue line, then all bets are off. You really don't want to be holding a long position if that happens. I don't think we hit bottom until Monday. I've been saying it for a couple of months now, but there is nothing wrong with being in cash.by hungry_hippo337
RTY DailyChart pattern for every index looks similar to the Fed meeting last September. So we may have one more leg down, followed by some whipsaw. Daily RSI touched oversold on small caps but not ES and NQ. 3 hr chart is way oversold for every index, so we may get a pop tomorrow. Hard to say.... because last year was a bear market until Oct, this year has been a bull market.by hungry_hippoUpdated 223
Support Coming For The Russell 2000?When analyzing a market and looking for critical levels and directional movements, trades will have to back track over a longer period to see where we had key breakout and key breakdown points. Looking at Russell 2000, we have seen significant swings in this pocket since May of 2022, and we are now trading lower and looking to test some key levels. Overhead Resistance Channel: After we began to break down in April of 2022, the market has really whipsawed back and forth, and we have seen this overhead resistance pocket tested 3 times and have rejected these levels each time, indicated strong selling pressure at this point. Old Resistance, New Support: The old resistance, new support level is going to be crucial as the market is getting slammed lower looking to find its footing. We initially saw this level acting as strong resistance, and in November of 2020 the market exploded higher through this level with great conviction. Although the market has traded below this level, we have consistently seen strong rallies back out above this point, and it could be a great landing spot for the Russel in the near term if the selling continues. Major Trendline Support: In addition to the new support level, there is also strong trendline support going back to September of 2020, and when we have broken support, this level has consistently held in an upward trend. Looking forward, this trendline is lining up with strong support neat 1750, and bulls will need to defend this level to have any sort of sustained rally. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.by Ryan_Gorman1
Russell 2000 Micro E-Mini Futures (M2k1!) - 4:1 LongMy analysis of the Russell 2000 surprises me, since I am instinctively more bearish than the chart seems to be. Hopefully you will challenge my forecast with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words. Nevertheless, this 4:1 Long trade on the M2k1! chart is of fundamental interest, considering that the Russell 2000 Index is a leading indicator of the US economy as a whole. Note that I have not entered the trade, because I expect price to fall farther still, as indicated by the custom Trend Exhaustion Wedge. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. As I mention in most of my other ideas, trading the CD leg of harmonic patterns is especially risky, since they are NOT confirmed until after the D-point prints. Although I prefer to rely on the charts, I cannot help but notice the many challenges being visited upon China these days, which could indicate a timely trend reversal for American industries. Of course, this is NOT a longterm forecast, nor am I instinctively bullish, per se. In the short and medium terms, price action should remain bound by the 0.236 to 0.382 Fibonacci retracement range set by the ATH during the "Everything Peak", shown in this 4h chart by the highlighted Purple channel. There are so many unknowns beyond Q2 2024 (on account of CBDCs, among other variables), that it is too soon to assume that price action will return to the Blue accumulation zone that also marks the top of the forecasted move, even though some important pre-Covid levels have been tested. Followers of my ideas may not be familiar with the aforementioned Wedge, which (among other things) suggests possible late entries in case price fails to hit the specified entry level from below, after confirming a C-point. The Wedge is merely one of many details in the full chart, which can't be seen in this condensed 4h version. I am preparing a video on prospecting for opportunities during the Sector Rotation, and the RUT and the E-Mini Futures are part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!](<My analysis of the Russell 2000 surprises me, since I am instinctively more bearish than the chart seems to be. Hopefully you will challenge my forecast with your tough questions, since this venue is meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best, right? As always, I strive to render these ideas of mine so obviously that their explanation will require no words. Nevertheless, this 4:1 Long trade on the M2k1! chart is of fundamental interest, considering that the Russell 2000 Index is a leading indicator of the US economy as a whole. Note that I have not entered the trade, because I expect price to fall farther still, as indicated by the custom Trend Exhaustion Wedge. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. As I mention in most of my other ideas, trading the CD leg of harmonic patterns is especially risky, since they are NOT confirmed until after the D-point prints. Although I prefer to rely on the charts, I cannot help but notice the many challenges being visited upon China these days, which could indicate a timely trend reversal for American industries. Of course, this is NOT a longterm forecast, nor am I instinctively bullish, per se. In the short and medium terms, price action should remain bound by the 0.236 to 0.382 Fibonacci retracement range set by the ATH during the "Everything Peak", shown in this 4h chart by the highlighted Purple channel. There are so many unknowns beyond Q2 2024 (on account of CBDCs, among other variables), that it is too soon to assume that price action will return to the Blue accumulation zone that also marks the top of the forecasted move, even though some important pre-Covid levels have been tested. Followers of my ideas may not be familiar with the aforementioned Wedge, which (among other things) suggests possible late entries in case price fails to hit the specified entry level from below, after confirming a C-point. The Wedge is merely one of many details in the full chart, which can't be seen in this condensed 4h version. I am preparing a video on prospecting for opportunities during the Sector Rotation, and the RUT and the E-Mini Futures are part of it. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!Longby TheLeadingIndicator773