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RUT update for week ending 27 March 2020Weekly 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. Current chart score suggests that Bearish Sentiment is present. The anticipated upcoming trade range is between 1077.62 - 1171.85 Price Consolidation has formed between: 966.22 - 1396.25 If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 973.25 Out of the combined (weekly & daily) indicators monitored, 50.00% are bearish , 41.67% are bullish and 8.33% are neutral The prices have moved 4.5 times the normal trade range from Trend Moving Average, a stall/change in direction may occur to return to the average. The RSI that monitors bullish strength has a current weekly reading of: Bearish 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 Bearish The price relationship to the moving averages currently suggest closing shorts and protecting profit. Current chart score suggests that Bullish Sentiment is present. The anticipated upcoming trade range is between 1078.98 - 1170.86 Price Consolidation has formed between: 1075.85 - 1180.32 If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1161.98 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: Bearish The strength demonstrated over the last 5 days is currently: Bullish Comments: Wish that I was coming into the week with good news. Even with the enveloped bar last week pointing as if it were bullish , it feels like the daily has lost all forward momentum from the excitement of the stimulus package. This is a pandemic. The world is going to stop spinning for 6 - 10 weeks before we can restart the engines of the economies. With America being last in the list starting back up. As the numbers of infections and deaths are reported, the market will take another hit. The price projection with the excitement calculated into it shows it wants to push back into bull territory around 1264.30. However, the failure calculation is 973.25 The readjustment bar from Friday basically is showing that Thursdays high was all the peak of strength the index had. We might see another attempt at 1161 (30 points) before the index fails again. I honestly am looking for some "good news" that would prop the market up. I haven't found it yet. Especially in light of the hearing NY/NJ and CONN might have a mandatory Federal lock down. Stay healthy, avoid people and wash your hands! -PriceProphet. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUTShort
by priceprophet
RUT update for week ending 20 March 2020Weekly 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. Current chart score suggests that Bearish Sentiment is present. The anticipated upcoming trade range is between 942.62 - 1013.89 No Conolidation Exists at this time If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 863 - 892 Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral The prices have moved 7.28 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 weekly reading of: Bearish 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 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 938.21 - 1013.89 Price Consolidation has formed between: 966.22 - 1209.45 If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 6657 - 6674 The prices have moved 3.786 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 Comments: STD DEV for March 23 - 27: 868 - 1159 STD DEV for Monday March 23: 798 - 1228 Going out on a limb here and going to call immediate bottom of 965 - 977. It won't be all that stable as America is now facing the virus and it is the numbers of infected/dead that come from here that can force the markets further down. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUTShort
by priceprophet
THE ONLY CHART THAT MATTERS!Today I made a video called 'BITCOIN vs STOCK MARKET BUBBLE 2020' (link in signature) - Inside a month we have nearly liquidated more assets than what was lost during the entire .Com bubble! There is a chance to catch within a few months around 16-17k - however - the market won't fully be recovered and healthy again until we do a full reset all the way down around 12,000. If that indeed happens then by the time its all said and done Wall Street would have lost more money than the .Com Bubble and Great Recession combined! But hey at least the charts show that 2029-2031 should be booming again! Peace & Love - BK
TVC:RUTShort
by bdkelly1203
A CASE FOR A MAJOR LONG TERM BOTTOM My cycle forecast the peak feb 8 to 10 and the panic cycle 3/18 to 3/21 is near the END of the cycle the chart posted is my view the we are at a 97% buy signal based on TIME AND PRICE AND MY OWN PRIVATE MODEL I HAVE USED TO CALL EVERY BULL MARKET BOTTOM IN MY 40 YEARS I WILL NOW GIVE A 90 % BUY I WILL ALLOW FOR ONE MORE LOW BUT IT IS NOT WORTH THE WAIT OIL HIT MY WINDOW FROM 22.5 TO 17.10 I AM STARTING TO BUY LONGS ON EVERY SECTOR OF ALL MARKETS .I WISH YOU ALL SAFE WEEKEND AND BEST OF TRADES WAVETIMER
TVC:RUTLong
by wavetimer
2
RUT Update 18 March 2020Quick Update With Trend Price Target: 840.85 Counter Trend Price Target: 904.35 STD DEV: 784 - 1197 Why a counter trend price target? What does that mean? 28 Feb, 2 Mar, 4 Mar, 6 Mar, 10 Mar, 13 Mar, 17 Mar, 18 Mar the major indexes closed the day in the upper half of their bar/candle. This is a counter trend signal. Generally, the price action will move to respond to this counter trend movement as a continuation from the day before. Then resume the direction of the trend. Or if the trend is over, it will created an area of consolidation and trade there until it gains enough strength back to either continue the move with the original trend. Break the trend and reverse direction. What does this mean for us today? Now? We are in a black swan event as it is being called. A once in 100 years pandemic. Self-Quarantine populations and work-force. Borders, non-essential stores, restaurants, and pubs are closed. This generates interruptions to sales/product creation/supply lines. However, the market has been pumping its breaks in free fall. It is doing that Tom Cruise panic grab at the side of the cliff and hanging by fingers. The dates listed above are days the indexes have been pumping the breaks. We just might find uneasy footing on a small ledge soon.
TVC:RUTShort
by priceprophet
RUT update for 16 March 2020Daily 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 957.21 - 1037.41 Prices have broken through the consolidation low If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 929.30 The prices have moved 6.345 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 Comments: Volatility has broadened the STD DEV values. The daily ATR is now averaging 61 points a day during the last 21 days. STD DEV for March 17: 860 - 1214 ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUTShort
by priceprophet
RUT update for week ending 13 March 2020Weekly 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. Current chart score suggests that Bearish Sentiment is present. The anticipated upcoming trade range is between 1168.76 - 1240.48 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 944.18 Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral The prices have moved 6.0 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 weekly reading of: Bearish 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 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 1139.85 - 1210.14 Price Consolidation has formed between: 1109.39 - 1253.87 If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1248.62 The prices have moved 4.56 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 Comments: Volatility has caused the STD DEV calculation to widen quite a bit. STD DEV for week of 16 - 20 March: 1115 - 1305 STD DEV for Monday March 16: 1047 - 1373 Anticipating a rise to the daily price target prior to a continued decline toward the weekly price target. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUTShort
by priceprophet
RUT update for 12 March 2020Daily 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 1058.53 - 1122.93 No Conolidation Exists at this time If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 881.93 The prices have moved 7.37 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 ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUTShort
by priceprophet
RUT update for 11 March 2020Daily 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 1206.16 - 1264.30 Prices have broken through the consolidation low If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1162.097 - 1201.14 The prices have moved 5.63 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 Comments: STD DEV for 12 March 2020: 1137.27 - 1391.32 ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUTShort
by priceprophet
Was Russell just in Wave B for the entire year?Please see my previous idea from July 2018 copied below. It appears that RUT followed this pattern exactly and may be now be declining in Wave C. Load new bars and enjoy! However, the wave count on a lower timescale shown above indicates that RUT may just be in wave 4 and could move up in wave 5 before declining in Wave C, of course, if this wave count is correct. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
TVC:RUTLong
by ndau