US2000 trade ideas
US Stock: a classic Wyckoff formationWyckoff terminology makes it possible to understand this fascinating trading area. Although phase D has not yet arrived and the range is still building, the outlook is gloomy. It's a narrow probability with major results rather than a significant fundamental edge.
I tried to update the view monthly and briefly mentioned the cause and effect in the chart.
US stocks: a classic Wyckoff formationWyckoff terminology makes it possible to understand this fascinating trading area. Although phase D has not yet arrived and the range is still building, the outlook is gloomy. It's a narrow probability with major results rather than a significant fundamental edge.
I tried to update the view monthly and briefly mentioned the cause and effect in the chart.
Long RUT for a new possible new high.At this point I am not entirely convinced my overall bear thesis is correct. I am starting to think I may have been able to use a set of good signals to work out high probability resistance levels in 2021 which have produced good shorts but were ultimately pullback levels rather than top levels.
The big bear thesis has not failed yet. I do still think there's a risk of it. But at this point I'd put the odds 75/25 bull/bear over the next highly significant swing.
If this is happening, the lagging RUT (Which looks exactly like SPX did at 3900) is an excellent catch up trade.
Let's be clear ... I still think a major bear is coming. I just am considering the risk of it not coming for a while is too high to ignore.
Sooner or later a crash is coming and it may be spectacular (Babson) - but "Later" would be a big problem if over committed now.
LONG opportunity in Russel (RTY)Context:
Weekly - uptrend (UT)
Daily - downtrend (DT)
Last day:
Value moved down but left very poor and weak high
Special notes:
Daily RSI is in oversold. Price at DMA200 support
Conclusion:
A lot of selling in the last 10 days. Market is getting too short and needs to cover those shorts before moving further down. Last day indicates lack of strong sellers, which creates opportunity for short-term bull bounce. DMA200 provides logical support
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Russel2K Long Consumers Expect Further Declines In InflationConsumers Expect Further Declines In Inflation
Finally! Russel is the dirigent in an Stock rally or Crash Orchestra, as it moves faster and is sensitive. Not this time. Whil S+P500,Nasdaq100 and Dow choosed the bullish trend, for longer time than expected,now Russel starts to ralley.
Technically has Russel found a triple strong bullish support, and RSI trend continuation confirmation:SEE THE CHART ABOVE!
The DXY is bearish and that is good for Russel.
Strategy: trend bullish.
Resistance supports (See the chart above)
US2KUS2K Looking good for short, pay attention in my strategy I almost always pyramid my entries as well as TP and usually that long term investment.
So on daily we hit strong resistance, RSI gave us strong double Divergence usually that is a point of changing trend or make correction, it make take a bit before start to fall it might also bump it up a bit where I'm prepare to place another entry.
Russell 2000 over 2000 ?The Russell 2000, a widely followed stock market index consisting of smaller US companies, may experience a rise in the near future. This potential increase can be attributed to several factors. Firstly, the ongoing economic recovery and reopening of businesses indicate increased investor confidence, which could lead to higher stock prices. Moreover, with the current low interest rate environment and the Federal Reserve's accommodative monetary policy, investors might favor riskier assets such as small-cap stocks included in the Russell 2000. Additionally, positive corporate earnings and strong economic data could provide further support to the index's upward trajectory. Overall, considering these factors and the historical performance of the Russell 2000, it is plausible to anticipate a rise in the index, offering potential investment opportunities for savvy investors.
Potential downside on US2000, RTY - SHORTLooks like we have a good opportunity to go short on RTY.
Rejected the weekly trend line and looks like we are forming a double top pattern in the 4 hr timeframe.
Entry - 1980
Stop - 1795 ( I would like to see a 4 hr close over this level or the red sell zone)
First target - 1960
Final target - 1930
Let me know your inputs. Happy trading!
🟩 Smaller stocks are showing valueThe small caps are getting to levels when they show value based on earning yields nad based on relative strenghts.
These are the levels we saw before when the Russell 1000 started outperform the Russell 2000. Hence this is showing a potential broadening of the rally and give confidence to traders to not stick to the Mega Caps (FAANGS).
Rather, this is showing traders, that as long as stocks setup, you can stay synced with the theme.
TVC:RUT and TVC:RUI
Will US2000 find buyers at market? US2000 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Price action looks to be forming a bottom. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to set longs at our bespoke support levels at 1830, resulting in improved risk/reward.
We look to Buy at 1828 (stop at 1813)
Our profit targets will be 1868 and 1878
Resistance: 1890 / 1940 / 2010
Support: 1850 / 1810 / 1765
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Russell 2000 - Horizontal TriangleThe Russell 2000 (RUT) from its high in November 2021 has a fascinating Elliott wave pattern.
The November 2021 to June 2022 is a Double Zigzag.
From June 2022 to the present it appears the RUT is forming a Horizontal Triangle which is a sideways correction pattern.
If correct, the pattern could complete sometime next week in the area of 1920 to 1975. If it completes RUT could then decline to at least the June 2022 possibly much lower.
Will Small Caps Follow the S&P Higher?The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life.
The first pattern on today’s chart is the rally in early June, a potential sign of the bulls taking charge.
RUT proceeded to retrace half the move before rebounding. That could mean the bulls are staying in charge.
Third, the bounce occurred around 1820. That price area (marked in white) served as support and resistance a few different times this year.
Next, 100-day simple moving average (SMA) crossed above the 200-day SMA in mid-May. The 50-day simple moving average (SMA) is also nearing a potential “golden cross” above the 200-day SMA.
Those patterns not only suggest long-term trends are growing more favorable. They also resemble similar developments in the Nasdaq-100 and S&P 500 before those indexes rallied to new 52-week highs.
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