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RUT trade ideas
Russell: The formation of a descending pattern 3W is possible.The formation of a descending 3W pattern is possible if the resistance level of 1575 is not broken upwards.
RUT 1620 TOP heading down to 1490 in H&S pattern next few days
1620 is local top on RUT
H&S pattern to 1490 levels
after that ZIG ZAG uptrend to 1620 levels
final crash after Nov 6th from 1620
SPX, NQ in similar pattern
RUT End Of Week EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 83.429 points/ticks/pips. Prices are currently .705x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1432.574 and 1603.602.
While in consolidation the trade range may decrease to 51.294 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1459.584 to 1619.01 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1487.74 to 1590.86 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1579.567
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 60.00% are bullish, 20.00% are bearish, 20.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Bullish - cover longs.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Close/Cover directional trades
Russel 2000 bearish engulfing followed by bullish engulfing weekLooking back in the charts, when a bearish engulfing weekly candle is immediately followed by a bullish engulfing candle, usually indicates short term bottom. I can only see 4 instances from 2004 when this price action did not eventuate. Last week we saw the Russel 2000 close with a bullish engulfing candle pattern whilst the week that preceded it was a bearish engulfing candle pattern. If history repeats, then these next few weeks should see a price runup in the Russell 2000
Russell 2000 Index, Weekly Daily Chart Analysis For Sep 28, 2020Technical Analysis and Outlook
As noted before, the small-cap Russell 2000 index is an excellent overall market indicator; The index shows us resuming it the Main/Intermediary uptrends since Sep 24. A buying zone is identified at Mean Sup $1,502 , with the exit at Mean Res $1,553 and Mean Res $1,591, and completed the Inner Index Rally marked at $1,602 respectively, based on one's money management scheme. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For June 29, 2020" page at the usual site.
RUT up to 1550, 1570 next days AND than another bottom 1480
next days UP to 1550 and 1570
Oct 7th local BOTTOM 1480
long term UP /ZIG ZAG sideways/ to 1600 election day 6th November
SPX, NQ tracking a same pattern
RUT calling bottom! Tomorrow GAP UP to 1500 and sideways to 1600
Today is a bottom on RUT/US2000USD on 1450.
We can see H&S reversal. LONG/SIDEWAYS till an election day November 6th.
It is going GAP UP to 1500 tomorrow overnight.
Than sideways up to 1600 level on the election day. Falling to lower levels afterwards.
Today is starting a second FED EAGLE wing. A very unique pattern! :)
Week ending 25 Sep 20 swift evaluation of RUTA swift evaluation is conducted based on a single day without look back.
RUT is currently in a bull trend.
Prices are trading in a range of approximately 84.811 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 1422.49 - 1527.32.
If strength and trend continue, RUT is trying to reach 1406.33.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bullish environment.
Last Price - (ATR * 1.5): 1347.69
The trend moving average: 1455.603
------Additional Comments:
Standard Deviation for following week: 1386.81 - 1563.00
Forecasted Range for following week: 1406.165 - 1507.706 (Targeted Mean = 1456.935)
Re evaluation of the US2000Re evaluation of the US2000
Ive entered a big short now with aim of 1400.
Small break through bottom of channel today and feel FED pumping will stop but continue nearer election.
But if it carries on climbing past 1610-1620 then re-access next week.
RUT Russell Small CapsSmall caps have not been as enthusiastic about the rally as tech and SPX in the run up since March. We see that it's been making lower lows and lower highs since August 11 peak, and RSI has been showing continuing weakness on the daily chart. If SPX is going to have a meaningful sustainable rally, it's going to need the small caps and financial sector to follow suit. This has not been the case.
RUT End Of Week EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 86.25 points/ticks/pips. Prices are currently .70x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1483.37 and 1603.60.
While in consolidation the trade range may decrease to 53.147999999999996 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1443.52 to 1630.04 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1483.48 to 1590.08 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1590.61
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 80.00% are bullish, 0.00% are bearish, 20.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Bullish - cover longs.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
RUSSELL 2000, Above Preliminary Level, These Steps Can Follow!Hello Traders Investors And Community, Welcome to this analysis where we are looking at the RUSSELL 2000 index 4-hour timeframe perspective, the recent events, the current formational structure and what we can expect the next times. The main market and other indices like the SPX or DOW recovered steeply from the heavy corona-breakdowns and lows established this year where they already managed to form new all-time-highs, in this case, the RUSSELL 2000 is still below the major all-time-highs established before the corona-breakdowns, this does not mean it can change, however, therefore, it is important that the index shows up with the proper price-action and don't invalidates the possible bullish scenario substantially, therefore I detected all the important levels and possible outcomes we should consider for the index and its destinies.
Looking at my chart you can watch there the triangle-formation marked in orange which already broke out to the upside where it also bounced already from the upper boundary and the blue rising-support-line marked in my chart, what is also a good sign is that the index formed a bullish-EMA-crossover already before the triangle-breakout occurred, currently, as you can watch marked in my chart the index has still resistance at the descending-resistance-line marked in grey above the level, when the index manages to move above it this will cause a decent entry setup as the index has taken out its major resistance, as you can watch in my chart, this mechanism can be entered immediately aggressive in the current price-action or conservative when the breakout occurred, although the aggressive approach is also possible the conservative should be preferred.
In this manner, thank you for watching, support for more market insight, good day to you, and all the best!
“Trading effectively is about assessing possibilities, not certainties.”
Information provided is only educational and should not be used to take action in the markets.
Russell 2000 Index update Russell trading at 1536 level
Unexpected news will come
Sell at any rally's target intact 1475.....1384 and below levels
ridethepig | Small Caps Breaking DownA timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in.
Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that its not different this time will continue with the necessary text, the question is whether real money decides to step in and stop the bleeding. After losing support the next key level in play is 1350, and a deeper extension towards 1,175.
Thanks as usual for keeping the feedback coming 👍or 👎
RUT End Of Week EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 85.851 points/ticks/pips. Prices are currently .30x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1393.89 and 1603.60.
While in consolidation the trade range may decrease to 52.53 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1393.13 to 1601.42 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1444.21 to 1550.33 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1455.21
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 60.00% are bullish, 20.00% are bearish, 20.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Bullish - cover longs.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Close/Cover directional trades
