RTY breakout higher from box.Russell is breaking higher out of a box. A lot of people use this as an excuse to enter the market, on the idea that old resistance (once broken) becomes new support.
Rty
RTY Daily +400 Ticks Bullish PushThe RTY daily time frame is in an up channel. The
market hit the bottom of the channel and showing
signs of pushing bullish towards the top of the
channel price point 2327.0 which is also an up
sub Fibonacci extension about +411 Ticks above
the live market. It will be a good idea to turn to
the one hour time frame and to look for low prices
in the buy zone.
RTY rolled overRTY selling off because it hit my target (lol) and was overbought on both RSI and MFI.
ES and NQ are not overbought, looks like sector rotation back. So much rotation I'm getting dizzy.
Note: All foreign markets except China rallied last night, no short positions over the weekend. In fact, I'm all cash.
Keep in mind foreign markets trade on Monday. Gap direction for Tuesday is impossible to tell, but I'm bullish for now.
RTY UpdateOverbought so I'm not sure it;s gonna hit the target I drew up yesterday, but tomorrow is Ponzi Friday.
Maybe a rotation out of small caps and into tech tomorrow.
RTY, +1,000 Tick bullish pushRTY daily time frame is in an up channel. The market hit the bottom of the channel and is showing signs of pushing toward the top of the channel. The market is starting to make an up Fibonacci with an extension about a +1,000 ticks above the market price. Turning to the one hour time frame and looking for low prices in the buy zone will be a good idea as long as the market stays above the bottom of the daily up channel.
+2,000 Tick push on Russell 2000RTY One hour time frame is in a large up channel. The market hit the bottom of the channel and hit the daily down Fibonacci Extension. If the buyers are to take control. Now is a great time. Looking for the market to break and close in the buy zone off the one hour time frame will be a great idea to receive confirmation the buyers are taking control.
Russell 2000 is getting ready to make new high soonHere are support and resistance levels. Close above 2292 would confirm it's intention to move higher. Initial target is overhead resistance trend line and then 2500. Close below 2161 could indicate short term trend change.
$RTY. Seeing shapes on the 4 Hour.Looks like it could be trying to finish the week higher. These are some shapes I am seeing. I don't like to trade the higher time frames, but this gives me some ideas for when I go lower.
Evidence Base Tradingon April 15, I did a thorough analysis of the market for my private subscribers, asked them to close all their positions, and predicted the market will be challenged in the next week and small-caps in particular. I offered them to buy inverse ETFs to benefitted from the negative market ahead.
Today, I asked them to buy TWM..! so far +5.4% gain in a single day..!
for evidence, check the related link below..!
RTY MFI oversoldMFI is oversold but it can stay that way for a day or two like last time. RSI is not there yet.
I would find something else to short though
RTY OversoldMFI moving up....
You figure small caps are due for a bounce, closed out all my puts, all cash.
Not feeling bullish though. Maybe if we get one more tank, lol, then I have to go long.
RTY UpdateSo much for indicators and overlays, looks like they turned off the buy algos.
No guesses anymore, lol. RSI oversold again, MFI is not.
RTY UpdateWent oversold as overlay predicted, similar shape.
Expect a bounce here, may not go as big as last time.
Russell futures> potential short and long scenarios.This is my set up, for Russell
Obviously a short entry has a better risk reward with 3 potential targets. But I don’t get to pick direction. My bias however is long due to the down wedge and strong supply. Price tends to attracted to strong demand or supply zones.
Have fun! Please give thumbs up and follow if you find this helpful.
RTY OverlayOverlays don;t always work. This one is the only one that makes any sense to me, because I expect more whipsaw, lol.
RTY UpdateMFI oversold, RSI not quite there.
Out of all indices, RTY has teh most tendency to go severely oversold or overbought on my indicators, so I tend not to trade it.
Fed press conf at 2pm EST
Russel (RTY) - get ready to shortRussell futures ready to drop.
- upwedge
- overbought RSI
- Riding upper bollinger band for a while now
This is a pretty simple trade plan. Enter short if price breaks lower end of up wedge .
Aggressive entry = on break of wedge
Conservative entry on retest of wedge
Please hit thumbs up if this idea interesting and please leave comment.
Weekly Analysis for #RUT for 15-19 March 2021Trend: Daily/Weekly/Monthly: Up/Up/Up
RUT is strongest of the 3 US indices. Expect rotation to continue and RUT to lead. I don’t and can’t call tops. But some signs point to pullbacks. 3 possible scenarios: 1) As long as 2363-77 resistance zone holds, look for shorts targeting 2259-91 support zone. This zone should hold for a next leg up, to 2435-51. 2) We have a fast rally from open to 2435-51 resistance zone, by Tuesday or Wednesday, where we see a sharp rejection for a strong move down to 2259-91. 3) We open in Globex and sell off start, targeting 2227 before a bounce to 2259-91 and further selling to 2147 IMO, scenario 1 is most likely.
Russell Heading to Next Level Up? $RTYLooking strong here. Will we see RTY head up to the next level? I'm not convinced.... yet!
CME_MINI:RTYH2021
RTY OverlayRTY isn;t collapsing like tech, I think it just drifts sideways for a while then hits my IWM target eventually.
IWM ProjectionJust for kicks and giggles, I did an IWM overlay projection.
IWM dividend is 1.04%, long term rates are now at 1.4% (10yr). IWM is coming down whether it likes it or not.
ANyone care to guess what the overlay is from?
Stocks Spread OutNQ just completed a head and shoulders. That can mean anything, but it sure makes things interesting.
RTY has clearly taken the lead in relative strength since the markets bottomed in march.
More money is going to a larger group of stocks in RTY, and it looks like the tech bubble is paying for it.
Tech bubble:
