Quick idea here as we look to get back in a groove with analysis/posts after a very light October. Not going to include a lot of elaboration, but we're looking to take advantage of a swing short (price depending) via a low timeframe (5-minute) RTY supply zone (defining candles not pictured here since sub-15-minute charts cannot be posted). If price approaches the...
Very strong landing and with the break of a very excellent support area and there is a great likelihood that he will continue landing
Exactly one year ago this month the Russell 2000 broke out to new highs and many were calling it the November to Remember as the RTY had an all-time record 18.4% monthly total return This November the Russell 2000 is also breaking out to new highs and on my strategy the look is exactly the same as last year. Will this be another November to remember? I think...
1) 61.8 Fib retracement level around 170 2) Resistance (which will become support around 170 3) Early November gap to be filled around 170 4) Unsustainable exhaustion pop (78 degree angle since early November) 5) Overbought, above the megaphone line Disclaimer: The above is not an investment advice. It is merely an opinion and I share it for your entertainment...
The Covid-19 woes are far from over. Look at the stats for yesterday. Getting close to 300k new cases per day. Reality has just not synched in with the stock markets yet but Q1 could be the time period where it does. Disclaimer: The above is not an investment advice. It is merely an opinion and I share it for your entertainment only. Do your own due diligence and...
The cyan line is a weighted average of different asset classes, other than stocks, that I came up with. It is just a mathematical exercise but I thought it is showing some VERY interesting correlation... ... Just a thought! Disclaimer: The above is not an investment advice. It is merely an opinion and I share it for your entertainment only. Do your own due...
The stock market indices are at all time high, climbing the wall of worried of the megaphone resistance. Meanwhile: - There is 20 million Americans unemployed - Covid-19 is at all time high - Stimulus is ending at the end of the month and there are no visibility as to whet and when the next wave of stimulus will be. Yes, there is a vaccine coming but vaccination...
LONG @ 1570.0 (4HR) SL @ 1558.0 TP @ 1605.5 HELD ABOVE SESSION POC (GRAY LINE) LOOKING FOR RETEST OF POC (RED LINE)@ 1580.20 IF IT REJECTS THEN PRICE WILL LIKELY PULL BACK TO SESSION POC (GRAY LINE) OR BELOW TOWARDS VWAP (PURPLE LINE). IF IT DOES NOT HOLD VWAP I WILL BE LOOKING TO GO SHORT. LETS SEE HOW THIS TURNS OUT
On a low volume day like this VWAP and open range breakouts is what i i'd be looking for to execute a trade safely. Sitting on hands is always the safest too.
Failed to break and hold POC @1580.40 testing vwap @ 1578.90 if it can't hold VWAP then it will likely retest previous POC @ 1576.5 and if that doesn't hold then the daily open @ 1575.1 will be the next test on on its way to daily low @ 1572.9. lets wee what happens
Rejected off of 1560.9 after major sell off and broke above POC 2 1562.9 looking to long. ENTRY: 1562.6 Exit: 1566.0 Stop: 1562.6
Our swing trading algo just issued a sell signal for $RTY_F.
55x forward earnings? Yikes. Expect small caps to lead the way down if we do indeed roll over into a risk-off environment in the next few weeks. The 50d should catch-up with the 38.2% Fibo relatively soon. We'll cover our short when we hit one of them.
This is an index that trades at more than 50x forward earnings and 40% of its constituents aren't profitably. Fundamentally, it could still fall 50% and not be unfairly valued.