RUT UP or DOWN ?1-2-3 Up or Down? Can the Earnings and/or other Reflation Tools move the needle? TBD
HEAD SHOTS ONLY!
Can Housing save the day...TBD! Watch it...
US2000 trade ideas
RUT update for week ending 11 October 2019Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1476.72 - 1537.69
Price Consolidation has formed between: 1462.22 - 1539.09
Out of the combined (weekly & daily) indicators monitored, 8.33% are bearish, 75.00% are bullish and 16.67% are neutral
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current weekly reading of: Neutral Bear
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1501.61 - 1525.94
Prices have broken through the consolidation high
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bullish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Russell 2000 Index Range Bound No Mans Land Hello Traders
Today’s chart update will be on the Russell 2000 Index , currently trading range bound in no man’s land. We have two distinctive levels to watch; Support and Resistance , to confirm a bull continuation or an establishment of a bear trend…
Points to consider
- Trend has been range bound
- Major resistance at $1605
- Local resistance currently from MA 50 and 200
- Local support at $1463
- Stochastics showing upwards momentum
- RSI in neutral territory
- EMA’s neutral
The Russell 2000 Index is currently trading in no man’s land as the direction of the trend has not been established until we see a break from support and or resistance. Major resistance currently is at $1605 region, for bulls to reach this area; they need to break local resistance levels such as the .618 Fibonacci level and the MA 50 and 200, in other words bulls have some work to do to change the trend bullish…
Local support is currently at the $1463 level, price is trending closer to this level, and bears have a smaller range to fill in order to break support. The more times a support level is tested, the more likely it is to break – this is also true for resistance levels.
The RSI and the EMA’s can be said to be quite neutral at current given time, price is trading through the EMA’s, not giving a clear direction. This puts more emphasis on the no man land theory; we need to see a clear direction in the trend before placing a potential long and or short…
What are your thoughts on the direction of the Russell 2000 Index?
Please leave and like and comment
And remember,
“You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
RUT update for 10 October 2019Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1465.77 - 1485.36
Price Consolidation has formed between: 1462.22 - 1507.33
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 9 October 2019Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1458.77 - 1479.46
Price Consolidation has formed between: 1462.22 - 1507.33
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1468.27
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 8 October 2019Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1421.90 - 1472.59
Price Consolidation has formed between: 1462.22 - 1507.33
If IXIC is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 7726.83
The prices have moved 2.08 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
I see History repeating itself, Let me know your thoughts This is basically what I a m expecting to see in the next couple of days, already have positions running and in deep profit now, let me know what you think in the comment section below
RUT update for 7 October 2019Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1476.33 - 1497.78
Price Consolidation has formed between: 1482.02 - 1507.33
If SPX is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 2964.26
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bearish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for week ending 4 October 2019Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
The market is transitioning toward a Bearish sentiment.
The anticipated upcoming trade range is between 1449.24 - 1500.72
Prices have broken through the consolidation low
If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 1438.02
Out of the combined (weekly & daily) indicators monitored, 75.00% are bearish, 8.33% are bullish and 16.67% are neutral
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current weekly reading of: Neutral Bear
The RSI that monitors bearish strength has a current weekly reading of: Neutral Bear
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest closing shorts and protecting profit.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1486.17 - 1511.38
Prices have broken through the consolidation high
If IXIC is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 8091.98
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bearish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 3 October 2019Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1464.46 - 1486.35
Price Consolidation has formed between: 1462.22 - 1493.06
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1505 or 1361 depending on economic data
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Friday October 4th economic data is important to the depth of a sell off or the rally of the market.
The indexes have positioned themselves in a rare and uncommon method when it comes to price projection. They are, in this uncommon moment, point both up and down.
The results will be depending on if we receive good news or bad news.
The DJI has taken sights on both 26486 (if good news) and 24217 (if bad news)
The SP500 has taken sights on both 2944.71 (if good news) and 2703.38 (if bad news)
The NASDAQ seems to be the only optimist in the family. And engulfing positive bar taking aim at 7978 (if good news) and 7319.77 (if bad news)
The Russell 2000 has taken sights on both 1505.41 (if good news) and 1361.99 (if bad news)
While the markets themselves have developed very strong bearish sentiment. Seeing optimism inside the price projections demonstrates the desire for a rally.
We will see this afternoon the Non-Farming Payrolls and YoY Average Hourly Earnings are released.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 2 October 2019Daily Data Summary Suggests:
Current Daily Trend is Bearish
The anticipated upcoming trade range is between 1458.34 - 1479.63
If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of 1421.81
The prices have moved 2.43 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
No Conolidation Exists at this time
Current chart score suggests a Bearish Market is present.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Russel ShortA nice short term level to short the russel on.
Have questions? Ask in the comments.
Make sure to like be if you want more content.
RUT update for 1 October 2019Daily Data Summary Suggests:
Current Daily Trend is Bearish
The anticipated upcoming trade range is between 1478.83 - 1508.03
If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of 1464.05
The prices have moved 2.01 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Prices have broken through the consolidation low
Current chart score suggests a Bearish Market is present.
Comments:
Today, if the low is not broken, there exists a possibility of what is a adjustment bar. The current bar stays between the previous bar HIGH and LOW. In doing so, the trade day is only adjusting the position of the close in order to forecast future movement.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 30 September 2019Daily Data Summary Suggests:
Current Daily Trend is Bearish
The anticipated upcoming trade range is between 1509.78 - 1536.96
If IXIC is capable of maintaining the current strength as of today, there is a projected daily target price of 7890.95
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bearish
Price Consolidation has formed between: 1515.64 - 1539.37
Current chart score suggests a Bearish Market is present.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
