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RTY1!

Futures Levels | Look Ahead For The Week of Aug 22The VIX popped and dropped last week making the selling again a very short term event. The S&P ES1! is right back on trend after holding the 55EMA on the daily. Gold GC1! is in balance and crude CL1! continues to look like it wants lower prints. Economic Calendar Week Starting Sun, Aug 22 Monday, August 23 EU Manufacturing & Services PMI 2:15 AM CST US Manufacturing & Services PMI 8:45 AM CST Thursday, August 26 Jackson Hole Economic Symposium All Day US Preliminary GDP 7:30 AM CST Friday, August 27 US Core PCE Price Index 7:30 AM CST
NYMEX:CL1!
by RodCasilli
3
RTY Trend Change + Backtest: Bullish AugustRTY has successfully executed a linear regression crossover on the daily period (where the 14 period linear regression line crosses the 30 and confirms by also crossing the center ribbon 0.2, 14 STDV BB). RTY has also backtested the crossover without breaking through it (yet). We have an excellent entry here as well as a clear place to exit the trade if the bullish structure breaks down. Targets are the upper band at 2357 and above.
CME_MINI:RTY1!Long
by David_Warren_Ellison
Market overview mid-week update - Week 30At the moment the big question is whether the market is taking a breather, and will continue to go up? Or is it topping out and will we have a correction to the downside soon? I can find a arguments for both, so I think we need to just sit on our hands and wait till the market unveil their intensions. S&P 500 (ES mini future): Sofar the market action is panning out as expected (see See Market Outlook - week 30). not much action and forming a reversal candle. At the moment the weekly low is 4364.75 and if we are not going below that this week and also not very far above the current weekly high of 4416.75 one could consider going short next week on a break below 4364. Also the daily chart is not giving much information it's a sideways movement where intra-day losses, are retraced for the most part. Nasdaq 100 (ES mini future): Actually it's the same picture as the S&P mini futures on the weekly and if we close the week at around these levels, then next week a short may be possible when trading below current weeks low. Looking at the daily chart, it offers a little bit more clarity than the S&P daily chart, because on Monday an attempt was made to break the 20 day MA and was nicely rejected on a rebound on Tuesday. This might even suggest that the 1-4 candle correction (b/c MRI sell) on the weekly is already dealt with. But as long as we have not crossed the break-out line I'm not willing to call that yet. Dow Jones Industrial (ES mini future): It's getting boring but there is also not much difference here from Nasdaq and S&P. But since there was a starred candle last week, one could consider a long at this point, but looking at all the other indices discussed here I myself am not willing to that. Also the daily is not able to shed light on the situation and is moving sideways. Russell 2000 (ES mini): The Russell was a bit of a trouble child at the start of the week, but it is still holding the trendline drawn from last year's March lows. But as long as we are below the 20 weeks MA I don't really see a long opportunity here. And as with all the other indices nothing to tell really about the daily chart as well. As always, this is not trading advice, but only my views on the market. Please do your own research before entering any trade. Happy trading
CME_MINI:ES1!
by CoenKuijpers
SMALL CAPS CORRECTION OR HUGE BREAKOUT?The perfect storm event known as the Covid pandemic has introduced many millions of new traders into the circus. The indices have performed amazingly well over the last year.. nearly parabolically so. While I do not believe the indices have formed a major top yet, a minor pivot is likely. I have been hoping for a decent correction to shake things up. I am not certain if we'll even get that. I'm looking at this pattern on the Russell 2000 (RUT, IWM, RTY1!) that is either an ascending wedge or a bull flag. Watch price action closely in this range. If it breaks below, it will likely do it very quickly and flush a lot of these new traders out. On the flip, if it breaks above... well, prepare for another move that defies gravity. What do you think will happen? I'd prefer a flash crash type of event. Personally, I believe having an equal long/short (hedge) is not unwise aka strangle.. Let's see what happens!
CME_MINI:RTY1!
by gghsusa
Futures Levels | Look Ahead For The Week of Jul 18Stock indices finally broke their uptrends last week, and the small caps (RTYU2021) completely fell apart. In the first of what may become a Sunday evening series, I take a look at what the Volume Profile and price structure may be telling us in terms of levels to watch this week for the ESU2021, NQU2021, RTYU2021, GCQ2021, ZNU2021, ZBU2021, and MBTN2021. Quick take away is my favorite idea is to fade the strength in notes and bonds looking for rates to bottom in this cycle.
CME_MINI:ESU2021
by RodCasilli
2
RTY Daily Bullish Push +1,000 TicksThe RTY daily time frame is in an up channel. The market is moving from the top of the channel towards the bottom of the channel. The market created a down Fibonacci with an extension price point 2180.3 which matches with the bottom of the channel. It will be a good idea to wait for the market to fall towards the bottom of the channel. Then turn to the one hour and look for low prices in the buy zone back towards the top of the channel price point 2363.7
CME_MINI:RTY1!Long
by JoshuaMartinez
1