US2000 Shot term Price - one Fib for clarity Levels, and price projections, lets see can we hold it, for new highs, or we make a new low. :)
US2000 trade ideas
Stocks Peaked 20 Years Ago. US Perma-Bulls are Chasing a BubbleIn nominal terms, US stocks have gone higher and higher over the last 20 and 30 years. This is priced in US Dollars.
Priced in terms of real money, stable money, the US stock markets and the US real economic growth peaked 20 years ago.
Over the last 20 years we've printed a crap-ton of money to paper over the losses and make ourselves feel richer, but it's all been an illusion. A money printing fueled bubble.
And the most recent cycle peaked in September of 2018, when the Russell first entered into a bear market and when the gold bull left the train station. In terms of what's happening right now: The Russell is sitting at the top end of its range right underneath major resistance. Without big stock buybacks driving the market there won't be enough buying power to send it to new highs.
The Fed can print as much money as it wants but it can't stop a massive global shock. Money velocity is at ZERO. Doesn't matter how much money you print, you can't fix a solvency problem with more liquidity. You can only buy yourself short slivers of time.
Its only a matter of time before economy gravity is respected and the global markets, including the US equities, get absolutely cratered.
Russell 2000: Will Resistance Prove True? Trump's PriceIn technical analysis, it is said that "past support = future resistance." Looking at a chart of the Russell 2000, we see there is a level of resistance that marks the date of Donald Trump's election. This lines up with a level of resistance.
Will it hold?
If it holds, then will the Russell 2000 see lower prices in the weeks to come?
Some say that the bottom is in. Of course, I have no idea.
US2000 It's in a really interesting place!We have a wedge that it's giving us a good entry, we will wait for it when US2000 decides to retest the wedge. Be focused in this point!
RUT update for week ending 24 April 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 1167.39 - 1281.19
Price Consolidation has formed between: 966.24 - 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 1335.64
Out of the combined (weekly & daily) indicators monitored, 33.33% are bearish, 50.00% are bullish and 16.67% are neutral
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 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 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 1212.92 - 1260.50
Price Consolidation has formed between: 1154 - 1250
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1254.46
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 Bull
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
STD DEV:
Weekly: 1000 - 1458
Monday: 1182 - 1284
Working on a new template - I may post the new template during the week.
** 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 April 17 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 1164.21 - 1276.65
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 1288.58
Out of the combined (weekly & daily) indicators monitored, 41.67% are bearish, 50.00% are bullish and 8.33% are neutral
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 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 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 1203.50 - 1263.99
Price Consolidation has formed between: 1154.52 - 1251.88
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1257.3
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 Bull
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
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 is heading heading down to its channel supportRussell 2000 is likely to head down to the lower side of its parallel channel, with a potential target to 1140 (1h & 4h Kijun).
Russel Target/TriggerLooking for a break below the 21EMA and the 1164 area for a trigger down. Keeping an eye on Crude and the 10YR (US10Y). I want to see Crude and the 10yr down with a break of 1164 on the Russel. Initial target of 1123.
Keep an eye on stochastic cross on daily.
ridethepig | Smoke Screens & MirrorsAfter a ruthless and cunning retrace from politicians and central bank talking heads, this piercing rally is coming to an end after reaching the full retrace target at 1250. Buyers, who would like to occupy the jurisdiction above have tried to do so in a crafty way (since the typical path looks out of the question as long as the world remains in lockdown); they have occupied the lows, driven the late sellers out of it and thus created space for this flank manoeuvre.
The RUT position arises after the typical small cap under-perofmance from the panic flows:
The analysis of this position shows us that sellers are once again ready to conduct another leg lower, but also the quick-witted buyer will know to cover on the contact of 1250. As long as this resistance holds, the advance cannot be administered and the nature of the retrace remains corrective rather than impulsive.
A fresh round of bankruptcies will be coming over the next few weeks, I am eyeballing the 16,000 lows in DOW for reference which will carry NQ, S&P, RUT, CAC, DAX, FTSE, NI and the rest of Global Equities.
Thanks as usual for keeping the support coming with likes, comments and etc!
Testing Elliot Wave skillsTesting Elliot Wave skills
Any pros out there that can critique me? lol I stick to mostly astrology
Russell 2000 Target 871Market ready for another vicious leg down. Russell 2000 could potentially touch 871.
RUT update for week ending 10 April 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 1184.30 - 1292.50
Price Consolidation has formed between: 1396.25 - 966.22
If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 1348.24
Out of the combined (weekly & daily) indicators monitored, 50.00% are bearish, 50.00% are bullish and 0.00% are neutral
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 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 1198.46 - 1295.00
Prices have broken through the consolidation high
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1310 - 1413
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 Bull
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
STD DEV for the coming week: 1026.79 - 1466.65
STD DEV for Monday 13 April 2020: 1185.79 - 1307.66
I am flagging neutral because of the mix between weekly indicators and daily indicators pointing in opposite directions. I would need 20% of the weekly indicators to have switched direction before I stop being neutral.
Happy Easter every one! Hope you had a good holiday weekend.
Stay safe, trade safe!
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Are you ready for a PUMP & DUMP ? (Russell 2000)Small caps looking a lot like Ethereum.
Everyone tried to count 5 waves up but then another wave comes into the market and trolls all the early bears.
Over 66% of people think we will go into a GREAT DEPRESSION 2.0, And trust me we will but not quite yet.
Many stocks haven't made topping patterns & others are painting false tops.
I am bullish.
Stay profitable
- Dalin Anderson
LONG US RUSS 2000 Watch lower time frame correction and buyHi there,
We are having decent bounced off on US equities. If you did not catch the bottom then wait for the lower time frame corrections and look for short term buy and keep making a profit.
OR
wait for the deeper correction or possible retest of lows again before you buy for the longer term.
Or watch my updates closely.
Good Luck
RUT update for week ending 3 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 994.19 - 1094.47
Price Consolidation has formed between: 1396 - 966
If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 500 - 972
Out of the combined (weekly & daily) indicators monitored, 91.67% are bearish, 0.00% are bullish and 8.33% are neutral
The prices have moved 4.75 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 Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1000.26 - 1090.03
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 1010 - 1022
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:
Standard Deviation for the week of 6 - 10 March 2020: 846 - 1258
Standard Deviation for Monday 6 March: 935 - 1168
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT Swift Update 02 April 2020Prices have indicated the following:
Prices are attempting to reach: 1103.67
Average Daily Range is: 76.54 (points/ticks/pips)
Price Trend Strength indicates BEAR trend with an anticipated daily range of: 1033 - 1124
The STD DEV is: 918 - 1125
RUT Swift update 01 April 2020Prices have indicated the following:
Prices are attempting to reach: 1012.79
Average Daily Range is: 76.06 (points/ticks/pips)
Price Trend Strength indicates bear trend with an anticipated daily range of: 1020.12 - 1110.02
The STD DEV is: 918.20 - 1225.79
Long term Russell 2000 / IWMNext target 250 points down
If we look back at previous levels of SNR
No confluence with Fib until it falls by nearly another 50%
RUT Monthly UpdateMonthly Data Summary Suggests:
Current Monthly 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 1052.45 - 1226.89
No Conolidation Exists at this time
If RUT is capable of maintaining the current strength as of today, the projection generated from the monthly chart is a target price of 700 - 798
The prices have moved 2.52 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 monthly reading of: Neutral Bear
The RSI that monitors bearish strength has a current monthly reading of: Bearish
The strength demonstrated over the last 5 months 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 1101.10 - 1191.22
Price Consolidation has formed between: 1075 - 1180
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1132
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: Bearish
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
The short term trend has indicated that it is running out of steam and appears to be preparing for a continued drop.
The monthly indicators are showing that the bear hasn't finished. That bottom appears to be between 700 - 798.
If the month of April does not confine itself to between the high and low of March, then we can have an extension to the bear. If April is able to stay between those levels, depending on the disposition of the bar/candle and the direction of the close - the floor (960) can be considered solid.
Since the other shoe hasn't dropped (America) as far as complete lock down and closures, there is room for the current support of 960 to snap.
STD DEV for April is: 1050 - 1255 (reflecting no volatility) 1316 - 1636 (with volatility)
STD DEV for 1 April is: 986 - 1319 (reflecting all the volatility we have witnessed in the last 21 days).
Be cautious - both in trades and your own health.
-Price Prophet
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
