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E-Mini Russell 2000 Index FuturesE-Mini Russell 2000 Index FuturesE-Mini Russell 2000 Index Futures

E-Mini Russell 2000 Index Futures

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RTY1! trade ideas

Breakout out this consolidation wedgeAfter a few months massive market moment the russell 2000 hit a wall and went into consolidation. I think its setting up for a break out any time these next 2 weeks, which should push up towards all time highs. From the technical perspective it seem volume is trending down, which is bullish if the market is consolidating. Once we see it push out of this wedge we should see it push ATH. I recommend only buying once it breaks out, and if there is plenty of volume relative to historical averages.
CME_MINI:RTY1!Long
by Quantstreetbets
Russel Mark-up.I think it is short in the near future, but long overall. I saw a similar thing happen last week Sunday. Rally hard to close week, big selloff to start new week, then a full week of rallying. I don't see anything that's changed. Long term I think Russel is looking bullish. I feel like it's a little extended at the moment, so I think we should expect some correction. Retail traders, I don't know where you could possibly get in as a buy unless price goes way down from current locality. .382 saw a lot of activity. Maybe price will revisit, but bullishness is the attitude currently. Short sellers, I see some big juicy demand zones, but understand you are selling against the dominant momentum. If we want to play the return to the closer trendline it's almost a 30 point drop down. Also, Russel is currently resting in a divergent/oversold state. Very tempting. My risk manager is keeping me out of placing any orders, but I am trying to get in the habit of marking up charts over the weekend and seeing how the prophecies unfold. If I were persuaded to go short I'd put my stop above the high wick. Realistically, I would have to see how the markets open and then play it from there. I hate to miss out on a market opening rally. That is my biggest source of FOMO. I did not like making this.
CME_MINI:RTY1!Short
by emehoke