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Rty!

Elliott Wave View: Russell 2000 (RTY) Turning Lower post FOMCShort Term Elliott Wave View in Russell 2000 (RTY) suggests the decline from March 29, 2022 high is unfolding as a zigzag Elliott Wave structure. Down from March 29 peak, wave 1 ended at 1966.6 and rally in wave 2 ended at 2060.90. Index then resumes lower in wave 3 towards 1903.50 and rally in wave 4 ended at 1957.60. Final leg lower wave 5 ended at 1834.50 which ended wave (A). Wave (B) rally is proposed complete at 1951.85. However, the Index still needs to break below ave (A) at 1834.50 to validate this view. Internal of wave (B) unfolded as a zigzag in lesser degree. Up from wave (A), wave A ended at 1908.20, pullback in wave B ended at 1867.80 and wave C higher ended at 1951.85. This completed wave (B) in higher degree. Index has turned lower in wave (C). Near term, expect wave 1 to end soon, then Index should rally in wave 2 to correct the decline from wave (B) before it resumes lower. As far as pivot at 1951.85 high stays intact in the first degree, expect rally to fail in the sequence of 3, 7, or 11 swing for further downside.
CME_MINI:RTY1!
by Elliottwave-Forecast
DOW / NASDAQBear Market signals persist. When the DOW begins to outperform on the downside, we have a clear indication of a lengthy BEAR Market. It's just beginning. Counter Trends are a normal course in prolonged Trends. The ONLY real reversal... QE: Global Central Banks began withdrawing Liquidity via RRP's since July of 2021. The contraction made a controlled contraction below 0 into a negative range well below the Peak Monthly $1.5T down to $300B and on down to 0 in January, going - $250B during the 3rd week of January - they have maintained the drain since this time... it is remained between -$180 to -$255B to the present. Lows into October 2023 imho.
CBOT_MINI:YM1!
by HK_L61
RTY +1,400 Ticks long ideaThe RTY one hour time frame is in a large side ways range. The market is at the bottom of the range. The market is below the short term down trend line. It will be a good idea to wait for the market to break and close above the short term down trend line before looking for long ideas. Entry: Counter trend line break bullish above the bottom of the sideways range. STOP: In the sell zone, below the low that formed at the bottom of the range. LIMIT: 2055.7 Once or if the market closes above the short term down trend line. As long as the market stays above the bottom of the range. It will be a good idea to turn to the five minute time frame and look for tunnel trader long / destination trader long ideas towards 2055.7
CME_MINI:RTY1!Long
by JoshuaMartinez
4
Elliott Wave View: Rally in Russell 2000 (RTY) Expected to FailShort term Elliott Wave view in Russell 2000 (RTY) suggests that the decline from November 8, 2021 peak is unfolding as a 5 waves impulse structure. Down from November 8, wave (1) ended at 2136.8 and rally in wave (2) ended at 2288.60. Index then resumes lower in wave (3) towards 1892.40 and wave (4) ended at 2137.10. Wave (5) lower is in progress with the internal subdivision as another impulse in lesser degree. Down from wave (4), wave (i) ended at 2119.30 and wave (ii) rally ended at 2131.60. Index then resumes lower in wave (iii) towards 2079.10, wave (iv) ended at 2102.60, and final wave (v) ended at 2062.80. This completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 2107.90 with internal subdivision as a double there Elliott Wave structure. Index then resumes lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 2055.20 and rally in wave (ii) ended at 2068.10. Index then resumes lower in wave (iii) towards 1999.50, and bounce in wave (iv) ended at 2031. Final leg lower wave (v) ended at 1978.80 which completed wave ((iii)). Bounce in wave ((iv)) ended at 2030.30 with internal subdivision as expanded flat. Up from wave ((iii)), wave (a) ended at 2015.90, wave (b) ended at 1966.60, and wave (c) ended at 2030.30. Expect the Index to extend lower in wave ((v)) before completing wave 1. Afterwards, it should rally in wave 2 to correct cycle from March 30 peak in 3, 7, or 11 swing before the next leg lower.
CME_MINI:RTY1!
by Elliottwave-Forecast
RTY UpdateIt appears the market has lost all appetite for money losing "growth" stocks that aren't growing. My trade strategy is still valid, short garbage on any pops, they can pump futures but they can't make people buy. Let the algos hold the bag. I think every garbage stock is going to SFIX it's way to single digits, just gotta avoid the pumps, remember the 3 day short squeeze rule (today was the 4th day, lol) Euros are bullish and could pump futures, but I don't think gap direction matters if today is any indication. I think the market will be oversold for the Fed press conf Wed, so avoid holding a position Wed afternoon regardless of trend pattern. This drop has nothing to do with Russia, it was DOCU that caused it. I expect a follow through Monday, though it might reverse in the afternoon. Liquidity for crap stocks disappearing quick, look at AFRM, SMSI, DOCU, etc
CME_MINI:RTY1!
by hungry_hippo
RTY One Hour Long IdeaThe RTY one hour time frame is still in a down trend. The market is making lower lows and lower highs. According to the daily time frame. The market is expected to push bullish towards 2314.5 about +1,412 ticks above the market. It will be a good idea to wait for the one hour time frame to break the short term down trend line and enter into the buy zone. Before looking for long ideas. Entry: Counter trend line break bullish in the buy zone. STOP: In the sell zone. LIMIT: 2314.5 Once or if the market enters into the buy zone. As long as the market stays in the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / Destination trader long opportunities.
CME_MINI:RTY1!Long
by JoshuaMartinez
8
RTY One Hour Long +1,412 TicksThe RTY one hour time frame is in a down trend. The market is making lower lows and lower highs. The larger time frame shows the market should push bullish towards the monthly up future resistance price point 2314.5. It will be a good idea to wait for the one hour time frame to break the down trend line and enter into the buy zone before looking for buying ideas. Entry: Counter trend line break bullish in the buy zone. STOP: In the sell zone LIMIT: 2314.5 Once or if the market enters into the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long ideas towards 2314.5
CME_MINI:RTY1!Long
by JoshuaMartinez
4