Russell20009.12.21 Russell2000 Strategy......................................................................
Rty1
ES Pre-Weekend UpdateRSI never made it over 50 and it looks to me like MFI needs to go oversold before we get a bounce.
More than likely hits my bottom trendline or comes close to it like last time. Not sure if the drop happens Mon or Tuesday.
i don;t like to carry a position over the weekend, but I am shorting a few foreign indices.
RTY OversoldES and NQ aren;t quite there yet so a little bit more room down, but I'd expect the market to turn around tomorrow to set up for Ponzi Friday.
ES Update 9/3Indicators neutral but NQ MFI went oversold and RTY MFI went overbought, so sector rotation.
Rotate, counter rotate, Imma getting dizzy, lol.
YM (Dow) also in the middle, no indication of direction
RTY oversold on MFIMFI oversold, small caps green already
Closed out my short positions from yesterday afternoon, not going long though. Might take a 2 day break instead.
NQ is still overbought though so typically a sector rotation when this happens
Tutorial | How To Use RSI To Find Turning Points ... or NOT!Hey Speculators - Happy Friday - welcome to another video tutorial, and thanks again to the @TradingView Editors for featuring my last post, which I've linked here, and is related to the topic on hand for today. That topic is how, and when, to not fight a trend.
I'd suspect many traders are familiar with the Relative Strength Indicator (RSI), used to measure overbought and oversold conditions. In this video, I discuss what I look for when using RSI to filter trade signals and identify when strong is REALLY strong. The inverse would hold true as well (you know, weak, or really WEAK), but we all know markets never go down. :)
RSI Settings for this video
5 Period
Upper 88
Lower 12
RTY +479 Ticks BullishThe RTY one hour time frame is in a large side
ways movement. The market hit the bottom of
the sideways range and broke the short term
down trend line. The market is now in the buy
zone at a high price.
Entry: Counter trend line break bullish in the
buy zone.
STOP: 2085.1
LIMIT: 2325.00
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 to look for tunnel
trader long / destination trader long opportunities.
𝗦𝗺𝗮𝗹𝗹-𝗰𝗮𝗽 𝗨𝗽𝗱𝗮𝘁𝗲: $IWM Daily. Macro UpdateMacro picture its a bullish setup unless proven otherwise on a ~210 support (200dma) break. > 235 confirms breakout
$RTY_F $AMC $CROX $SPY $ES_F $QQQ $NQ_F $VIX $TLT $TNX $DXY #Stocks #Trading
RTY One hour breaking into buy zone.The RTY one hour time frame is in a large side
ways movement. The market hit the bottom of
the sideways range and broke the short term
down trend line. The market is now in the buy
zone at a high price.
Entry: Counter trend line break bullish in the
buy zone.
STOP: 2085.1
LIMIT: 2325.00
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 to look for tunnel
trader long / destination trader long opportunities.
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
Major U-turn on Russel 2000RTY is U-turning on Monthly.
Daily is on the lowest (if the trend continues).
1H broke the Down Gartly.
RTY Daily +2,000 Tick potential moveThe RTY daily time frame has created a consolidation range. The market is at the bottom of the range showing signs of pushing bullish towards the top of the range. If support can hold and the market pushes towards the top of the range. The research shows a +2,000 Tick bullish push opportunity.
RTY UpdateMFI heading towards overbought quickly, if there's one index I'm bearish on it's small caps.
I think there's a possibility of another leg down next week.
RTY1!8.19.21 Russel Mini: Long trade. Three things that added miserly to my trading: when I had 8 monitors; having great patterns. but not using the alert tool to "watch" the market for me; drawing too much ( I was working hard but I was distracted away from the great entries on another market).
+600 Tick Idea on RTY One HourRTY one hour time frame is in an up channel. The market is at the bottom of the channel. If the market can give a counter trend line break bullish while staying above the bottom of the channel. The research shows there is a strong history the market could increase +600 ticks towards the top of the channel.
RTY UpdateIndicators in the middle, no idea which way this goes
Something to keep in mind.... last August, every index rallied except small caps. It just went sideways, same can happen here.
RTY - Testing Channel BoundaryRotation on watch as the CPI will set direction for the remainder of this week's trading.
RTY UpdateLooks like RSI needs to go oversold before a bounce.
Inidcators all neutral for all indices, NQ looks bullish, everything else looks bearish.
Possible gap up then drop tomorrow because FDAX looks like it wants to retest the top.
ES MFI OversoldMFI oversold on RTY, NQ, and ES.
Flipped my puts, done for the day. Didn;t make much except for EWZ. Decent return there.
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.
RTY - Early Morning Moves into Mid Morning FadesThis Pattern has been the name of the game for the last week as the inverse H&S pattern did not break with the volume needed for a sustained move. The juxtaposition between NAS and RTY looks to continue. Jobs numbers on Friday should give direction.
RTY - .786 RESnew line in the sand. The market is digesting the GDP miss and the post tech earnings hang-over with AMZN being a bit light. A back test and hold of the inverse neckline will be on watch for rotation. OR will a correction in price ensue opening up some ranges?
