US2000USD: RUSSEL ELLIOTT WAVE ANALYSISNew Local Low before continuing impulse higher
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US2000 trade ideas
RUT
I told you 🧘🏻
also fake breakdown and recover the range, is a positive signal, 2150-2200 the best zone for bought it in the SHORT TERM, be careful!
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.
Dangerous Situation in small caps!Hourly Chart: Top Swing
Daily Chart: Right at the support level. (possible price action for few days)
Weekly Chart: close at the lowest level since February
Monthly Chart: -6.38% since the beginning of July, the Worst performance since March 2020..!
Conclusion: This correction could slip to a bearish market..! Risk is high..!
Why Small caps are at higher Risk!history tends to repeat itself..! and what has happened in the past has a higher chance of happing in the future!
March 2009 - Sep 2011:
Oct 2011- Jan 2016:
Feb 2016 - Dec2018
I will wait for the reaction to the trend line! closure below the trend line could bring a 20% further correction!
US2000 - Important support and perfect pitchfan for long positioHi friends!
Here a very interesting idea for Russell. You can check the diagonal treding support vs pitchfan convergence and 25 weekly EMA. In my personal opinion, we have an interesting opportunity for long position, So I am opening new long entries. Please let me know your comments.
Thank you!
Israel
US2000 - Important support & pitchfanHi friends!
Here an interesting idea. I really think this index has reached important support.
I have opened new long positions.
Any comments?
Good luck!
Israel
Fasten your seat belt..!If you have invested in small caps heavily, please fasten your seat belt (tighten your stop loss).
Small caps decreasing their altitude to land, but where is the nearest airport (support)?
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.
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US2000 30mRussel is weak compared to the other indices
forming Gartley pattern, which is a quite reliable pattern
R/R > 4
RUT
looking for entries!, Russel had a little correction, remember, long term is bullish!, also still sideways
Continuing or Reversal pattern that is the question?This pattern shows small caps experiencing a complex correction.
Best plan could be hold and wait for reaction to support level.
Awesome symmetry Russell 2000 NeutralJust take a look at the chart and its lines. Very useful to anticipate for a trade.
RUT Motive Impulsive Response to May 18th Triangle completion Look to place some +ve Delta Butterflies on RUT or Bullish verticals to capitalize on this move
Secular bull market in Russell 2000 looks to be done....The secular bull market in Russell 2000 looks to be done...
short ideajust shorted us2000 with my stop at 2325, adding more sells at 2318, targets are 2303,2291,2270,2230 and 2202. ive sold 2 positions at current price and 3 will be pending sell orders at 2318
RUT testing resistanceRussel 2000 index is testing its resistance trend line since last week.
Will it break it or reverse to test the support trend once again..
