IWM Long Term ChartOverbought on every time frame, and it's sitting at my target.
Expecting a pullback, which means speculative stocks will also take a hit....
Rty1
RTY1! at 200 Hullmalooks very tired.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Russell 2000 future trendline Right at weekly trendline resistance now. Interesting to see what happens next.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
RTY Long, after election uncertaintyRTY1!
RTY will soon be entering demand, from there longing it after the election fiasco seems to be an ideal bet. September low is still intact, as well as the index overall has printed a higher high since the previous August high.
STRANGLE FOR PROFITThis year has been one of the best to be a (smart) trader. We've had absolutely historic opportunities and I'm sure there's more to come. This little ascending wedge (abcde) could be creating an opportunity for a strangle (long & short). I have several strategies I follow for the other indices but I will occasionally play a strangle where I can see it going either direction. Personally, I may wait until (E) is tagged and will buy a long position in calls and hedge that position with puts. There are other ways to play the breakout but I prefer to buy at (E) and wait until a target is reached (up or down). I also like to use options that have a medium term expiry (5-6 months out) so decay and noise aren't too dramatic. Let's see what happens!
RUSSEL (4H) Backtest : 68% win rate across 19 trades => 17.8 RDetailed backtest result : prnt.sc
Non-looser = 84%
Icons on the chart
Thumbs up : Trade was a win
Thumbs down : Trade was a loss
Circle with a cross : Trade was breakeven
Cross : Did not take the trade due to presence of liquidity (equal highs/lows) behind the stop loss
Variables
Avg winner = 1.6R
Strategy : wait for market structure break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to begin trapping the traders.
RTY dor long $$$Hi traders and investors , if the price breaks the parallel channel and the resistance with the volume we will see a great rise and if the price breaks the parallel channel down of couse the market will go down
RTY (Russell) (4H) : Liquidity run coming!Who wants to bet that RTY (Russel) is setting up for a liquidity run on those juicy equal highs?
If that's the case, this could be short term bullish but then bearish.
Bullish Russell (RUT)MACD indicator breaking out before price.
The PMO also trending up successively.
Interesting Small Caps Strength... IWM
Market history of cycles suggests small caps perform best in the early innings of a new bull market.
PLUG and other parabolic stocks - IWM overlayNot sure why it didn't dawn on me earlier, all of the stocks mentioned in my previous post like:
BYND, PTON, BLDP, FSLY, ROKU, JKS, etc
They're all being pumped up by small cap index.... that's how they're going to get RTY1! (small cap futures) to close the COVID gap. I was trying to figure out where all this money is coming from....
So if you're betting on these stocks, long or short, pay attention to RTY. The overlay is IWM (small cap index fund)
BTW, RTY is overbought, but keeps going up anyways.
Russell's Temporary Breakout 10/4/2020RTY at the daily view.
The RTY finally broke out of its short-term resistance (blue line). However, it's still in a giant sideways to slight downward channel. Furthermore, RTY has been in a general box between 1400 to 1600 for years. The reason for its sub-1400 days was due to unusual bear market events. The reason why it was above the 1600s before is because TSLA was once part of the Russell 1000 - now part of the NASDAQ.
Russell is actually one of my favorite indices to trade because of its predictability. Now, we are see tech going down and small caps going up. That kind of reeks of institutional movements - much like what happened in July.
Not much to say. Russell is literally one of the few indices or sectors that I short when it reaches around 1600 - might be a little lower this time. I plan to long when it reaches the mid-1400s. It's been in predictable trading box which is why I really like it.
Monitoring the RTY Monthly time frame for the next big push. RTY should soon approach the monthly resistance. If resistance holds. Market could fall... If it breaks through, could be a big bull push. Will keep my eye on it.
RTY - Possible Downward Channel Forming 9/12/2020RTY at the daily view.
It seems that the RTY is stuck between an upward channel and a downward channel. Since liquidity levels are dropping pretty fast, that downward channel is starting to become more legitimate.
If so, there is a gap at 1419 that has yet to be filled. Algorithms and the selloff can head over there pretty fast. Since liquidity is back going downwards, it seems RTY is going to back as my favorite short target again.
Unlike the NQ, RTY is a little more predictable in its bigger levels. That's what I like about this index.
RVX (RTY's VIX) 9/6/2020RVX at the daily view.
This is a project that my trading team and I are conducting. This is 4 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength.
In this chart, the RVX had RSI divergences prior to the corrections. In addition, the RVX created 3-4 higher lows in a row prior to a correction.
+1,700 Tick push on RTY. Read Description Carefully!The RTY daily time frame is now hitting the inner up trend line. If support holds I am expecting the market to push bullish and break above the 2019 resistance level. I plan on looking for counter trend line breaks bullish in the buy zone starting Monday.
My guy RTY BACK AT IT AGAIN. GOOD OL' RUSS!LONG @ 1570.0 (4HR)
SL @ 1558.0
TP @ 1605.5
HELD ABOVE SESSION POC (GRAY LINE)
LOOKING FOR RETEST OF POC (RED LINE)@ 1580.20
IF IT REJECTS THEN PRICE WILL LIKELY PULL
BACK TO SESSION POC (GRAY LINE)
OR BELOW TOWARDS VWAP (PURPLE LINE).
IF IT DOES NOT HOLD VWAP I WILL BE LOOKING TO GO SHORT.
LETS SEE HOW THIS TURNS OUT
RTY pivotal point! RTY1!
RTY futures are at a pivotal point in price, looking at breakout territory. Since most of the indexes have made their new ATH. I am expecting the same in RTY, the caveat to this is that the stocks within the index need to recover, and since these stocks are small caps, it may be a little while before they recover due to economic impacts suffered by COVID. But this setup looks great on technicals, we can either chase long on the breakout or flip short if trend is broken.
