Peace be upon you, merchants. An opportunity to buy. With a breach of support in 1915. As well as penetrating the descending channel. Which humiliates the power of buyers in the market. The price is moving up. In the coming days we can see. Price 2120. And the price of 2200
Russell 2000 will continue its upward trend. Exit at 3rd supply zone
Gotta be on the road this morning so posting an early update. Futures slightly green but ES and RTY MFI are heading to overbought quickly. Chances are good they hit overbought this morning. CPI numbers tomorrow before market open. I'm bearish, but could be another pump and dump like Europe CPI. Might just grab $1k worth of puts in garbage like BTC or ARKK for...
Russell 2000 EMA about to cross HA Trend Follow upwards. Exit at upper BB
This one is a bit more obvious, oversold. Watch out EOD because there will be shorts covering. Lot sof garbage stocks tanked this week including cryptos.
In this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading opportunity and price objectives to target
RTY MFI is like at zero, lol. There's a chance that RSI goes oversold before the bounce, depending on what Powell has to say here soon. If he pumps the market again (lol), small caps will prob have the best return
Small caps look the most bearish out of all indices, looks to me like it might go oversold on the Powell speech tomorrow morning. Could be one of those days where the market gaps down but goes up anyways. We'll see.
I have only one extension - 2032.2 We have a high probability target at 1900 by the mid of the month. Which should hold for another push into Mar high, possibly just a lower high. I don't want to be long after the Mar high! It's a warning signal! Have a good weekend
Im not participating in this, Im swing short with SQQQ and will be buying SPXS at the close. Looking for a move down into the mid of the month and another leg up into Mar OPEX
I was expecting this move, it came on time for the Fed day catalysis. If you look at smart vs Dumb money as well as overbought conditions and negative divergences, you can see that this is a fakeout move, which happened many times in history. I had a very important update last night, and will be doing a follow-up tonight.
Title: Russell Futures ( RTY1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2033.0 Pivot: 1909.8 Support: 1832.2 Preferred case: Looking at the H4 chart, my overall bias for RTY1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 1909.8, where...
RTY chart, held support where it had to, at the must-hold resistance now There is a pathway for the overshoot/fake-out move I mentioned before; there is time till the Fed meeting. Its at a perfect r/r for a swing short. I might post one more chart tomorrow. Good night
Looking for a test of 189.50 highs demand below 180.15-177 area looks interesting for longs on retest
RSI and MFI overbought with MFI divergence. RTY hit resistance zone. Garbage stock short squeeze appears to be over now. ECB and Fed speakers tomorrow. Watch out.
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...
Waaaay overbought but it does have a cup and handle pattern going on. I think we get a reversal tomorrow and a dip Tuesday.... or maybe a dip tomorrow, I dunno. CPI was bullish but I don't chase overbought markets. Will decide what to do Tuesday. Bought some PDD puts just so I watch the market tomorrow. Just guessing that Asians were the ones dumping futures...
Im not currently trading RTY, but it has the weakest structure out of 4 bog indexes. With the today's rally, RTY rallied the lest compare to the ES and NQ, where ES was leading on the upside, while NQ gave up less when it started to sell For those who trade RTY, there is a great short setup is setting up