Looking for Russel 2000 to rally into 1540+ zone before any interest in shorts.
Midpoint highlighted at the 1501 level. 50% fib goes here.
Midpoint highlighted at the 1501 level. 50% fib goes here.
Note
Same setup here on the Dow... targeting 25560+Two nice bounces off the 23% fib in the pre-market and shortly after market open today (green arrows)
Note
Late Friday we saw stocks explode higher into the close and just reach my short zone. I did not enter b/c of the G-20 over the weekend and sure enough it seems Trump and Xi's little trade war dinner has completely blown this setup out of the water... we may be dealing with a wave inversion here but will have to monitor going forward. Let's see if this massive gap gets filled early this week.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.