US2000 OptionsCurrently I am short, look out for bounce to double top, then direction is dependent on Feds printer breaking.
US2000 trade ideas
RUT Month End EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Monthly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest prices are caught in consolidation/transitioning to new direction. Ensure your stops are placed.
Price Action:
Monthly: The average price range currently is 169.67 points/ticks/pips. Prices are currently .04x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1181.10 and 1537.62.
While in consolidation the trade range may decrease to 104.442 points/ticks/pips.
Standard Deviation
Monthly: Standard deviation suggests a range from 1364.34 to 1596.52 for the following month.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Monthly: Trend strength suggests a trade range of 1375.57 to 1585.29 for the following month.
Price Projection:
The price action has generated a projection signal for the underlying.
Monthly: Price currently displays (if strength and attitude continue) a desire to move toward 1661.72
If strength and attitude continue, it could take between 1 to 2 trade periods (months) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Monthly: Out of the cumulative indicators monitored, 36.36% are bullish, 36.36% are bearish, 27.27% are neutral
RUT: Targeting 800-900Lower Highs & lower lows... And now at a long term resistance. You know what that means ?
RUT pending pullback The RUT daily chart shows we could be in sideways market here facing resistance at 1490. To the minor degree, wave y resistance at 1510 originating June 9th at around 1536 depending on the angle of approach.
Russell Consolidando / A Lateral RussellEste índice, una lupa muy importante a 2000 Pequeñas Empresas que determinan la verdadera salud económica de USA, se encuentra en un rango de vital impulso pero el que ahora solo ha consolidado.
Su equilibrio de como iban las cosas antes del virus, estaba en 1700 pts. Debe acercarse en el mediano plazo y consolidar un poco más arriba para que la barrera psicológica que hasta ahora Dow Jones, SP y Nasdaq han logrado, complementen la continuidad al alza.
————————-
This is a fundamental index, it is a macro picture of small companies in USA, these companies tell you more about employment data, bankruptcy, etc, with a microscope. The index must consolidate at this area (1500 aprox) and take another jump to 1700 points at least in a mid term, joining the sentiment with Dow Jones, SP and Nasdaq.
RUT Wave (C) pending pullback Updates on exiting bearish biased butterfly, as the RUT consolidation continues, the longer it stays sideways, the bigger expected move is consolidation if ended.
RUT End Of Week EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 127.47 points/ticks/pips. Prices are currently .5x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1343.60 and 1537.62.
While in consolidation the trade range may decrease to 78.486 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1335.063 to 1600.046 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1388.78 to 1546.33 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 1424.26 before moving toward 1494.30
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 80.00% are bullish, 0.00% are bearish, 20.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - No entries at this time. If in, consider covering..
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Time is running out for Russell 2000! $IWMRussell 2000 still has a decent amount of momentum on the H1 and Day time frames, but it is decision time next week into the FOMC statement and press conference. It is time to decide if we obey election year seasonality (and get an emergency PUA extension next week likely) or fall into mid August.
Please like this post 👍🏻 and give me a follow!
PM for more information on how to retrieve these dark pool blocks ⚫️ on demand and watch them stream in on all of your devices 📱 💻!
Russel 2000 Elliotwave Count The Russel 2000 is probably exhibiting one of the clearest Elliotwave counts of all US Indices.
For one we can see a very clearly impulsive 5-wave drop from June 8th highs to June 15th lows.
Next we see a triangle in the middle of the retracement higher since which is a classic middle-of-retracement move.
Triangles are patterns prior to final ending wave...either as a Wave 4 (prior to wave 5) or as a wave B in the middle of an A-B-C 3-wave retracement.
In this case, we count a 5-wave wave A of the corrective A-B-C ---- then the 5 wave middle B triangle pattern (which I mentioned above) and since then the final wave C of the ABC shows 5 wave up.
Since we see a potential 5-wave leading diagonal and a 3 wave retracement which is potentially pointing to the beginning of the next massive wave down - similar to what happened between June 8 and 15.
The triangle pattern in the corrective pattern is what is very clear to me here and which points to the retracement since the June 15th low being a corrective pattern.
If this is indeed correct then the Bearish implications should carry over into the Dow and S&P.
Cheers!
Cyrus
RUT wave (C) Pullback Though no chart updates, RUT could unfold into wave (C) corrective wave lower. Immediate resistance 1480 likely to find a wave (E) top for now. RUT wave (C) focus on on remaining push into 1200.
Russell 2000The Russell 2000 index the one that measures the smallest American companies in the stock market is going strong. The Russell 2000 took a hit in March 2020. It hit the support line. The Russell 2000 hit at 964.833. It managed to recover. Right now it is in 1428.268. It is predicted to keep increasing.
!COMPQ, !RUT Daily RangesBullish bias for the DAQ, bearish bias (and current short positions) for the RUT.
RUT End Of Week EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 133.047 points/ticks/pips. Prices are currently .24x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1343.602 and 1537.619.
While in consolidation the trade range may decrease to 82.194 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1265.683 to 1579.676 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1340.46 to 1504.90 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1484.40
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 60.00% are bullish, 0.00% are bearish, 40.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Neutral price action - No entries at this time. If in, consider covering..
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
RUT (Small Caps) still in decision zoneNot sure if everyone else noticed but RUT and DJI went right back into the previous pennant zone.
Market being indecisive, assume earnings will decide direction....
RUT2k 2nd Entry for Fri Jul 10, 2020The RUT is down 20% from highs, establishing itself as a true bear market. Down 9% in my current position from the previously posted entry, i will be taking a second entry (scale-up) today pre-market.
13:08:34 (UTC)
Fri Jul 10, 2020
RUT End Of Week EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 78.368 points/ticks/pips. Prices are currently .335x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1343.602 and 1537.619.
While in consolidation the trade range may decrease to 48.204 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1259.447 to 1604.272 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1383.43 to 1480.29 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1480.29
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 60.00% are bullish, 0.00% are bearish, 40.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Neutral price action - No entries at this time. If in, consider covering..
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Riding on the wind of changeNasdaq had broke the historic 10,000 price level resistance and is poised to go higher. That is why you see our posts on FB , Amazon , among many others have risen lately.
When the tides rise, all ships on shore will be lifted up, regardless of your size. Thus, I am of the opinion that RUT will have more leg room on top. Let the drop begins and see how far it goes before adding long.
