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RTY1!

RTY partial update for the next Jan 16th week I hope everyone is having a great weekend. RTY is in the bull channel all week, similar to NQ’s rising wedge. As you can clearly see, RTY is way oversold on the 4h chart (MACD, RSI); this will get a strong rejection of the next resistance zone imo Looking at the cycle,s we still can push into Tuesday am open to test the major trendline around 1915-18 (depending on landing time). At the same time, it can fall apart straight from the open. I think we extend on Sunday (gap up?) or into Monday (Futures will be trading open till noon) - The primary support and target for the next week is 1847-52, from where (if it holds by the 20th) we should see a last push up into the Jan 24th high. If that support is broken, it should test the 1800 level and below next. - The target box for the final move-up is at 1542.5-1952.5RTY. ........ SPX and NQ will be updated on the site Enjoy your weekend
CME_MINI:RTY1!
by RealTima
1
RTY Short IdeaThe RTY one hour time frame is in a channel. The market is near the top of the channel. As long as the market stays below the top of the channel. It is expected the market to push bearish towards the bottom of the channel. Entry: counter trend line break bearish below the top of the channel. STOP: In the buy zone above the entry. LIMIT: 1756.7 Once or if the one hour time frame gives the entry. As long as the market stays below the top of the channel. It will be a good idea to turn to the five minute time frame and look for tunnel trader short, chandelier trader short, and or destination trader short ideas towards the one hour price target.
CME_MINI:RTY1!Short
by Traders-Agency
o' man o' man.if i'm right about this, so many people are going to so devastated. most market participants are already completely and utterly distraught, this rally could just simply set them over the edge. --- i'm theorizing a full blown rally in the months ahead, right into april \ may. --- russel200 expanded flat target sits right a the 1.75 algo, which is roughly at $2392 --- please don't treat this as financial advice. consult your financial advisor before making any decisions in this market.
CME_MINI:RTY1!Long
by Eloquent
Russel2000 Bear Case.Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- The russel2000, if I'm not mistaken - has thousands of small-cap stocks within it, here's my bearish projection for it. --- My estimated top for the russel2000 = $1876 ~ $2392 High probability target = $2036 --- My estimated bottom on this one is roughly between $1527 ~ $1163 High probability target = $1324 🔺
CME_MINI:RTY1!
by Eloquent
NYSE Index Bear Case.Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- Some may ask, what is the NYSE Index? 👇 The NYSE Composite is a stock market index covering all common stock listed on the New York Stock Exchange, including American depositary receipts, real estate investment trusts, tracking stocks, and foreign listings. --- My estimated top for the New York Stock Exchange Index sits at $15,546 ~ $18,545 High probability target = $16,600 --- My estimated bottom on this one is roughly between $12,293 ~ $10,064 High probability target = $11,319 --- 🔺
TVC:NYA
by Eloquent
Nasdaq Bear Case.Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- Well, this right here is my primary bear case for the Nasdaq. Keep in mind, this is just a single bear case from my perspective; there's always many different potential outcomes, and it's my duty to discover them, and share them with you - the trader. >Just because you are seeing this picture here today, does not mean this is what will happen . --- Tuesday November 29th 2022 ~ December 21st 2022 = my calculated top for the Nasdaq. Estimated to sit between $13,016 ~ $15,308. High probability target = $13,697. ps. if money rotates, or a proper catalyst appears, nasdaq could squeeze up to some of the higher targets on my chart to create a regular or expanded flat. --- Friday May 12th 2023 ~ Tuesday October 24th 2023 = my calculated bottom. Estimated to sit between $9449 ~ $7361. High probability target = $8085. --- 🔺
CME_MINI:NQ1!
by Eloquent
Let's learn about flats.good evening, in preparation for my next few bear posts, i'd like to talk about the three different types of flats in the markets. the main reason why i'm bringing this up right now, is because the USA Indexes are displaying all three of these patterns currently, so it's important to familiarize yourself with these fractals, for future references. feel free to share this with your peoples if you find it helpful. --- regular flats : • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B terminates near the start of wave A • Wave C generally terminates slightly beyond the end of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 90% of wave A • Wave C = 61.8%, 100%, or 123.6% of wave AB --- expanded flats • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB --- running flats • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates substantially beyond the starting level of wave A as in an expanded flat • Wave C fails travel the full distance, falling short of the level where wave A ended • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 61.8% – 100% of wave AB --- -- full credit to elliottwaveforecast for all of these guidelines
CME_MINI:NQ1!
by Eloquent
RTY UpdateWound up being a 4 day short squeeze after all, like I said last week, I changed my focus to bankrupt companies and snagged W puts this morning. Closed out my winners and losers (from last week) and put the profits into W puts at a lower strike. Just some light trading in this weird market. I think we could get a bounce here because ES and RTY MFI are oversold. Yields are exploding again and FDAX looks bearish so we may get a gap down tomorrow anyways. TSLA earnings tonight. Focus should be on bankrupt companies, not gonna play the bigger companies.
CME_MINI:RTY1!
by hungry_hippo
RTY1! - Weekly Market Update, 10/17The indices had a rather wild week, the technicals are approaching being oversold. A bounce from here would not be unexpected as there is some consolidation occurring as price is currently hovering around the June low's area. I'd like to see the market cycle back to an area of being overbought and finding a low risk confirmed area to short from. At this time I'm looking for thing's to setup again for a desirable entry. I've adjusted support and resistance structures accordingly.
CME_MINI:RTY1!
by SpecialeAnalysis