RUT short Looks like the rallies will fail to follow through.
If a dump off a shallow rally like this, it can be super nasty.
US2000 trade ideas
CRYPTO MARKET UPDATE!!!!Hi Snipers,
Please refer to the recording for the next price levels and scenarios.
Thanks
MS
CRYPTO MARKET UPDATE!!!!Hi Snipers,
Please refer to the recording for the next price levels and scenarios.
Thanks
MS
RUSSELL 2000 - ELLIOTT WAVE CORRECTION The price is in corrective move. We can expect further downside move if the price doesn't reach the invalidation level. Which will change the wave count. So, this is only for educational purpose.
SPX vs RUTfollowing on from the last couple of ideas
rut looks bottomy
spx does not
overall i think we can expect a fast down and up
after that still not sure
of the two i'd take rut tho after the next move down
NOT TARDING ADVICE
GRI 2022
RUT BOTTOM AT 1700Looks like RUT has bottomed
I expect it to test it again tho
Would rather be long this than the other indices
Not trading advice
GRI 2022
Chart: major fork pre and post corona, local fork, inside fork off more distant major pivots...
US2K shortlooking for a short position on US2K down to take out the swing low. Will look for confirm on the 1 min tf
US2000 RussA few notable demand spikes on the weekly. Appears as if it is possible for an accumulation cycle to begin here in the next few days/weeks. Typical behaviour and standard targets. We will see its behavior as it nears some previous demand zones/order blocks.
will follow up once it triggers some low alerts.
RUT 1W V2The Russell 2000 Index is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.
RUT short Impulse leg down. Harmonic structure. Spike out of previous range.
These are a few of my favourite things.
RUT short comes soon if it's setting up. Review/reverse likely if we break my stop.
R2K at middle of channel and 200 week MAThis is a log chart of $RUT where it has been respecting the 200 week MA for three straight weeks. It also happens to be in the middle of a huge parallel channel dating back to the GFC bottom.
RUT update - 19/05/2022the push higher than 1901.35 will confirm that wave A of (4) ended and wave B is in play, critical level at 2458.855
Russell 2000 - US Economy in Trouble, 50% Shorting Opportunity?Although big indices like S&P500 and Nasdaq, favouring large cap companies, have still got potential to update historic highs - what is small caps index Russell 2000 telling us?
It has already dropped by 30%, is there more downside and is it indicating that real US economy already in trouble?
Technical Analysis (Elliott Waves):
Looking at weekly timeframe it is visible that sharp drop in March 2020 has completed fourth wave of an impulse that has been developing since the great financial crisis of 2008
The proposed scenario suggests that the 5th wave has culminated in November 2021 and since then the next global correction has started which is likely to last even longer than the previous one that stretched from 1998 to 2009 - it's shocking to think of a correction for 11 years or longer
The most interesting opportunity however, is the potential development of an Expanding Triangle which may have been formed with A-B-C-D waves already
And given that there was an optimistic bounce on Friday 13th May in all the markets, there is a potential move for Russell 2000 towards $2140 to complete this triangle
In this case the next move to the downside may have a great opportunity with nearly 50% for shorting the index and expect the target in the range between $1000 and $1300 which represent 0.618x and 0.5x Fibonacci retracement levels of the global wave 3
What do you think about this idea and US economy as a whole?
Please share your thoughts in the comments and like this idea if you agree wit it.
Also let me know if you would like to see other stocks, indices or Forex pairs analysed using Elliott Waves.
Thanks
US2000 short ideaLooking to short US2000 down to my marked zone. Will look for lower tf confirmation
Not out of the storm yet.The Russell 2000 is currently at the pre-covid 19 high area however this area is not going to hold because many of these small debt ridden high growth assets will be killed by a combination of both high interest rates which increases debt servicing costs when many of them are over leveraged. Along with soaring costs due to severely damaged global supply chains (which face even more headwinds due to Chinese policy missteps and war in Ukraine) and soaring commodity prices. I do not think this support are will hold I think minimum we are looking at a return to 1450. Most crashes such It took from December the 12th 2007 when it started. to march the 3rd 2009 from top to bottom in the 08 financial crisis for most indices. We are currently in a super high risk uncertain global economic environment with no good news in sight for these types of entities. We are only roughly 3 months into the current market crash for some perspective. There is much more pain on the way.
RUT update - 28/04/2022upside focus remains, expecting a strong move higher in wave (3), critical support at 0.776
US2000 short Looking for a potential short again on US2000, potentially from the 15min unmitigated OB. Will look for confirmation on lower timeframe (1min)
US2000 shortLooking to take short on the unmitigated 15min OB if I get a confirmation on lower timeframe
us Russel vs other US indexesJust look at the drop in the Russel, its shows you what the others have to look forward to.
$RUT support at 1700 areaThe Small Caps had a hugh surge of a run during the October '20- January '21 time period. Just the same, now it's got little to no support on the way back down. I don't see any meaningful support until the 1700's area.
RUT: 1000 Target ?Wyckoffians usually Call a Narkdown when they see that Pattern. 1440 correction Potential from the TOP... Be cautious when trading!!!
