Are small caps telling us something?Disclaimer: The above is just an idea for your entertainment, not a trading advice!
USSMALLCAP2000CFD trade ideas
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.
RUT - UP or DOWN??? "HSO"BLUF : RUT is at the top of its channel and SPX at the bottom both flags in opposite direction...will the RUT decouple and go Higher...Who Fookin knows, but it will be very interesting to watch and YES...any bad News/Tweets could Fook the whole thing up! Let's find out...TBD
HSO/Hotel-Sierra-Oscar/HEAD SHOTs ONLY!!! Simpleton-Leadership ... TEAMs! Fook your beliefs...What's in front of us?
RUT - HEAD SHOTs ONLY!!!Once the Trip-Wires are pulled then it gets Silly ...let's watch the ShitShow !!!
RUT update for week ending 15 November 2019Weekly 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 1572.96 - 1628.51
Price Consolidation has formed between: 1581.06 - 1608.80
Out of the combined (weekly & daily) indicators monitored, 33.33% are bearish, 58.33% 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: Neutral Bull
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 Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1590.34 - 1604.81
Price Consolidation has formed between: 1581.06 - 1608.8
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 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. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
Russell 2000 / Small Cap Preparing For a Nasty Dip?Here we have the weekly chart of the Russell 2000 index futures market (similar to the IWM if you're trading ETFs). The small cap index is often thought to be a leading indicator of US market sentiment. Whether this is due to its wide breadth across industries (2000 companies vs 500 in the SPY and just 30 in the DOW) or because most of the companies in the index are domestic, the Russell gives a more "pure" picture of the US market at a glance. What we see currently on the weekly chart is the convergence of multiple price channels and a potential harmonic pattern that could spell trouble in the medium term.
First, the good news. The long-term rising channel (white lines from 2016 lows and 2015 highs) is a sustainable uptrend. We can see in 2018 that when price breaks above or below this channel, what follows is a volatile swing back to the center of the trend channel. There's a relatively good chance that price remains within or near this channel for the foreseeable future. The dotted line is the center of the channel, and we had 2 consecutive closes above it on the weekly chart leading up to this week. We have back-tested that center line this week, and a 3rd close above it tomorrow (around 1585) would be evidence that bulls are willing to push higher here.
Now for the less good news. While the other (tech-heavy) indexes have been making new all-time highs more than 20 times this year, the Russell 2000 small cap index has been stuck in a parallel channel (orange) for nearly the entire year after the magnificent V-shaped bounce following the test of the lower bounds of the uptrend. The orange channel between ~1450-1600 has seen traps on both sides, yet even with all this exuberance (euphoria?), we can't seem to close above it.
There's also potentially a developing uptrend channel demonstrated by the pitchfork (green/blue/red on the chart). While we didn't get the confirmation test on the lower 3rd of the channel when we closed below the orange parallel channel in August, we have seen the upper-3rd act as resistance on multiple occasions. A quick blow-off top above the orange parallel channel that gets stuck on the rising green line between 1660-1720 or so could be enough to bring on that missed-test below. I'd expect that first test to hold, but you never know.
Finally, a bullish harmonic pattern may be forming on the weekly chart. While this sounds positive (and it is, over the long-term), these patterns tend to bring on rather extreme drops just prior to their namesake bullish bounces. If we see the Russell 2000 reverse around the 1700 price point, for instance, we could be building a bullish Gartley pattern, which would put the next bounce as low as 1117 based on the Fibonacci measurements (a 78.6% retracement of the 2016 to 2018 bull run).
Certainly, if we get a pullback of that magnitude (~30% drop from today's price), I'm a buyer. Until then, I'm looking for either a short-term long targeting the 1700 price area if we close above the orange channel, or more likely, wait for the bearish trade to develop with either a rejection tomorrow or next week around 1600 with a first target of 1455.
MACD crossing, looking bearish I use small cap stocks as a leading indicator for SPX. RUT is staying in the descending triangle
US2000, Where to Buy...The price can bounce from the Support Level 1586.0.
The best place for Buy will be in a marked zone.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
RUT - 1-2-3 / Let's See?BLUF : RUT has been SIDEWAYs what seems like "Forever"...Let's See how it plays out and if it can gain momentum...TBD!!!
HEAD SHOTs ONLY!!!
RUT update for week ending 8 November 2019Weekly 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 1574.78 - 1631.71
No Conolidation Exists at this time
Out of the combined (weekly & daily) indicators monitored, 8.33% are bearish, 91.67% are bullish and 0.00% 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: Neutral Bull
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 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 1591.66 - 1608.68
Price Consolidation has formed between: 1587.02 - 1607.41
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1586.55
The prices have moved 2.35 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
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
Comments:
The RUT appears at this point to have exhausted most upward strength.
The price projection from the week of 14 October had a target of 1597.38 which was filled this week.
There are not true gaps, yet anticipate that the RUT will create a consolidation range (S/R) while the other major indexes move to fill their gaps.
** 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. ***
RUT update for 7 November 2019Daily Data Summary Suggests:
Current Daily 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 1586.80 - 1603.80
Price Consolidation has formed between: 1587.02 - 1607.41
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1617.7
The prices have moved 2.2 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
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: Bullish
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. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
RUT update for 4 November 2019Daily Data Summary Suggests:
Current Daily 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 1597.39 - 1644.91
No Conolidation Exists at this time
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1617.7
The prices have moved 3.21 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
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: Bullish
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. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
RUT update for week ending 1 November 2019Weekly 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 1589.33 - 1652.92
Price Consolidation has formed between: 1462.22 - 1590.49
Out of the combined (weekly & daily) indicators monitored, 0.00% are bearish, 100.00% are bullish and 0.00% 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: Neutral Bull
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 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 1589.33 - 1604.47
Prices have broken through the consolidation high
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1611.86
The prices have moved 2.89 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
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: Bullish
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. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
RUT update for 31 October 2019Daily Data Summary Suggests:
Current Daily 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 1554.76 - 1572.95
Price Consolidation has formed between: 1552.87 - 1581.13
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1548.40
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 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. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
** I will be updating format for easier read - suggestions are appreciated ***
RUT update for 30 October 2019Daily Data Summary Suggests:
Current Daily 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 1565.00 - 1583.56
Price Consolidation has formed between: 1562.05 - 1581.13
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 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. **
*** I will be traveling from end of November thru end of December. I will update as I am able. ***
** I will be updating format for easier read - suggestions are appreciated ***
RUT update for 28 October 2019Daily Data Summary Suggests:
Current Daily 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 1571.93 - 1589.27
No Conolidation Exists at this time
The prices have moved 2.21 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
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: Bullish
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 week ending 25 October 2019Weekly 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 1525.09 - 1592.33
Price Consolidation has formed between: 1462.22 - 1590.5
Out of the combined (weekly & daily) indicators monitored, 0.00% are bearish, 91.67% are bullish and 8.33% are neutral
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 weekly reading of: Neutral Bull
The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull
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 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 1546.55 - 1570.87
Prices have broken through the consolidation high
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 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. **
