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.
Rty!
+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.
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..!
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.
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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
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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 2147IMO, scenario 1 is most likely.
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: