US2000 trade ideas
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 82.8169 points/ticks/pips. Prices are currently 4.114x the normal trading range. Prices are equvialent to 4 or more days away from the trend average. Prices can suddenly stall and move sideways while awaiting the averges or transition directions suddenly.
Prices currently are trending and not in consolidation.
Standard Deviation
Weekly: Standard deviation suggests a range from 1928.24 to 2318.159 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 2123.20 to 2237.65 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 2170.05
If strength and attitude continue, it could take between 5 to 10 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, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
RUT (RUSSELL 2000) - EW analysis - 4th wave correctionRUT - It completed the 3rd wave upside of the impulse cycle and correcting down in 4th wave, which expected to go down up to 2000 level. It is good level to enter in buy set up for next up cycle for new high.
Give thumbs up if you really like the trade idea.
Small Caps are not OverboughtWhile small caps have been one of the best performers lately, they are still far from being overstretched on a relative performance basis . Reopening of the economy in the 1H of 2020 can reaccelerate the outperformance of the cyclical components while stocks that have been leading during coronavirus will lag behind.
RUT End Of Week Evaluation*** Comments prior to evaluation summary ***
Trade carefully this week. The Stochastic on multiple time frames 98 or greater. While yes there is room for upward movement, this generally indicates possibility of a stall or trend change.
Trend 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 79.88 points/ticks/pips. Prices are currently 4.28x the normal trading range. Prices are equvialent to 4 or more days away from the trend average. Prices can suddenly stall and move sideways while awaiting the averges or transition directions suddenly.
Prices have broken through the high value of the consolidaiton range.
Standard Deviation
Weekly: Standard deviation suggests a range from 1914.02 to 2269.28 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 2091.66 to 2202.05 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 2141.02
If strength and attitude continue, it could take between 5 to 10 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, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Russell 2000 Index, Weekly Daily Chart Analysis For Jan 4, 2021Technical Analysis and Outlook
The small-cap Russell 2000 was the big star this week with a decent 5.9% gain. The index on its way to Key Res $2,112 , and our Inner Index Rally $2,140 respectively, also, Outer Index Rally $2,180. The short term downside support is tapped at Mean Sup $1,950 providing an excellent ball out buying opportunity. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For January 4, 2021" at the usual site.
Ponzi scam end gameTrump doubled his investments and now he's leaving us with huge debt that average Joe will have to pay for.
Those that went long since October, I salut you.
With the new office, I believe we'll discover a lot of shady stuff that will make serious correction in the market.
Im beginning to short Russel 2000 with TZA