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US 2000

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US2000 trade ideas

Bullish thesis on small capsEntry here would be very low risk. We have: - bullish continuation pattern (ascending triangle) - triple hidden bullish divergence on MACD on 4h chart - price sits right at a support level/trendline that held multiple times - RSI support on 4h chart Stop loss here could be very tight, just below the support level/trendline that we are hugging right now. It feels like recent price action was affected by Russell rebalancing and it might be a case of people selling the news but I wouldn't panic just yet. Zooming out the overall trend is still very bullish adding to the argument.
TVC:RUTLong
by Ravich000
Small Caps Are StrugglingThe S&P 500 keeps hitting new highs, but the Russell 2000 small cap index hasn’t been so fortunate. RUT has gone almost four months without a new record level. In contrast, the Dow Jones Industrial Average and Transports haven’t hit a new high in over two months. The S&P 500 and Nasdaq-100 hit new highs this week. A few bearish patterns stand out on the small cap chart. First, notice the lack of bounce at the 50-day and 100-day simple moving averages (SMA). This is different from the earlier rebounds at those lines in May and June. Next, the shorter time frame: RUT’s 8-day exponential moving average (EMA) crossed under the 21-day EMA last week and has remained below it. Turning to the longer-term weekly chart, we see a bearish inside candle at the end of June. A red bar followed and now we’re in another down week: It’s not totally bearish overall, but there are growing signs of weakness and poor relative strength. If the market has summer volatility, the sellers may begin their work in RUT. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
TVC:RUTShort
by TradeStation
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