US2000 trade ideas
RUT update for week ending 10 January 2020Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1657.64 - 1697.98
Price Consolidation has formed between: 1645.51 - 1681.68
Out of the combined (weekly & daily) indicators monitored, 41.67% are bearish, 50.00% are bullish and 8.33% are neutral
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Bullish
The strength demonstrated over the last 5 weeks is currently: Bullish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1649.10 - 1666.18
Price Consolidation has formed between: 1645.51 - 1678.14
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 8 January 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest closing longs and protecting profit.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1649.77 - 1666.85
Price Consolidation has formed between: 1645.51 - 1678.14
If SPX is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 3217.67
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bearish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 7 January 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest closing longs and protecting profit.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1657.00 - 1671.80
Price Consolidation has formed between: 1645.51 - 1681.68
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1626.89
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bearish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
Russel 2000 Index Preparing For a Drop?On Daily it broke the trendline and its making a retest now. I would like to see 3rd trendline touch on H4, but on lower timeframes it looks good.
SPX/RUT...Let's Watch!BLUF : Euphoric Phase Beginning? or Does it just Spike-Fizzle-Sideways...TBD
Spinning Narratives : China/Brexit/Phase-1 Deal (Pure Comedy)/House of Saud (Aramco IPO = Steady-She-Goes)/Fed Endless Liquidity...the making of a Nice Melt-UP.... What could go Wrong? Maintain a Reserve Always...
Let's Watch the ShitShow!
HEAD SHOTs ONLY!
RUT - breakout is finally hereRUT russell 2000 is at a new 52 week high
breaking above very hard resistance and consolidating above 1600
retested area which acted as support and now breaking to new highs
looking at the S&P as comparison RUT is lagging and looks like running in the next few weeks
Equities markets moving risk-on. Russel Breaking out?Major US indicies finally got their convincing breakout after the dump of Christmas 2018.
However the Russel has lagged the whole way and has failed breakouts several times (signalling big market pullbacks).
Now however the breakout looks more convincing and may have a higher chance of confirming as the bigger indicies continue to push all time highs.
Markets going risk-on like this should lead to a counterwave up in the downward trend of Russel/Dow Jones
Double down on the US IndiciesWe recently posted an idea on the DOW to go short and we have another idea from our app to go short on the Russel. Is this a coincidence or are these valid signs that the US indices are low on buying power? What are your thoughts? Please post your thoughts in the comments below.
SHORT - US2000USD
SL: 1647.196 (Suggested by our algorithmic system)
TP: 1592.164 (Suggested by our algorithmic system)
Reasons behind this idea:
1. MACD signals crossed over bearish
2. Minor RSI bearish divergence
3. Correlation of the DOW short idea by our app
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
To 1740. "There is no bubble"The price had broke a significance area, the area rounded 1600. The weakly canddle is forming an strong bull signal that the price is going to still pushing higher.
Are small caps telling us something?Disclaimer: The above is just an idea for your entertainment, not a trading advice!
Russel 2k Long BreakoutIdea is to go long the Russel 2000 on further strength. Resistance has been tested multiple times with a consolidation (bullflag) near the upper range boundary. 4hr candle close has to be above recent high to enter longs.
