Looking to buy RTY for a run to the previous high. This is on the back of a bullish BoS on the 4H. Weekly bias is bearish and Daily is bullish to 1843.5.
Russell futures have settled slightly above their June lows and are approaching BLACK channel support. Support and resistance structures have been adjusted accordingly for your reference.
There's a good chance the market just whipsaws the next few days so watch out. See highlighted area
Overbought on MFI and RSI on my short term chart, NQ and ES RSI are just barely touching overbought so gonna wait until tomorrow to short. Slept in because I missed the long boat yesterday, lol. No positions. At this point it's a bit late to chase the pump.
HELLO GUYS THIS MY IDEA 💡ABOUT RTY1! is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the Seller from this area will be defend this SHORT position.. and when the price come back to this area, strong SELLER will be push down the market again.. DOWNTREND + Support from the past + Strong volume area is my mainly reason for...
First of all, I should've known EUro PMI was coming out, oops. Anyways, I didn't short yesterday because RSI was touching oversold and this drop was already the same size as the previous drop. (Two red arrows) The fact that the drop is accelerating is bad news.
RSI very oversold but MFI isn;t there yet. Europe tanking on PMI numbers.
RSI hit oversold again, so I guess that means the algos need to pump We'll see if the algos regain control over the market and squeeze the shorts as usual
MFI is actually dropping right now, if it goes oversold then we get a big pump
Money still flowing into small caps, and a bunch of garbage stocks look squeezy again like PTON for example. Even if you're bearish, I don'rt recommend shorting anything with high short interest No positions since I'm taking a break tomorrow.
The RTY daily time frame is in an up channel. The market is near the bottom of the channel. If support holds. It is expected the market to push bullish towards the top of the channel price point 2076.3 about +2,840 ticks above the market. It will be a good idea to turn to the one hour time frame and to look for low prices in the buy zone.
Russell 2000 approaching support @ 1889 Followed by its 50 day SMA, below which several structures could catch price as well. Should price fall past our prior lows set, the next leg down of a bear market will be what we're looking at
RTY MFI is already overbought. I don't recommend shorting anything but be cautious on small caps. NQ is heading to overbought rather quickly too. We could see some whipsaw to end the week. Bullish on China though, only because HSI is oversold.
I still don't think that was the top, looks to me like we get another pump when RTY MFI gets oversold. Was busy timing my AMC play, lol. Dumped on the gap fill overshoot and just re-entered, figured it wasn't gonna go down more than a buck. Might wind up being a day trade, planning on bailing if teh market doesn;t kick up after the Euro markets close. Seems to...
The melt up and short squeeze continues. I have it continuing until next Tuesday when RTY hits the resistance zone. I don't normally play melt ups but bought some AMC calls for kicks and giggles on the dips this morning. If the market is acting stupid, then you need to be stupid too, lol. The only way to make money is to go with the flow. Prediction is up...
We are at the first maj resistance - 110MA Weekly magnet. RTY hit 200MA on daily, while others are lagging behind. - 2032-85 is where I think this move will be capped, if we actually extend above 110MA. It can still extend up to 2084-2108 I expect tomorrow red close
8.14.22 Yesterday I gave you my overview of the Russell and the es mini from a longer timeframe perspective. I went back and took a shorter timeframe perspective on the Russell, and compare it to the longer time frame thinking. I tried to discuss the advantages and disadvantages. I tried to describe a psychological aspect from my point of view, and I'm very much...
I haven't look at RTY for a while now, till the Fri close where I shorted it at 2015.50, willing to add if we stretch into the maj resistance zone right where the upper Bollinger is, that is also a 2.618 extension off the lows RTY is overextending on the upside and downside compare to SPX . We hit 50% retracement off 2020 lows in June and I see the whole way as...