Russel 2000 - Consolidation into Q3
Hey Guys,
For this Index the Consolidation period has been there since the big Engulfing Candle on the Yearly Chart happened in 22.
To become bullish again Russel has to move beyond 2280 (-1625 is the lower end with a mid-point of 1940)…
Until then I will take a neutral bias towards this Index. Most likely we will consolidate on the 3D Chart between the two white lines - Demand and Supply Lines from the Quarterly Chart. Keep in mind that the Blue Box is the High of 23 and the Red Box Constitutes the Middle Line of 22.
I am looking to go long from the lower part and short from the upper part of the Consolidation - until a break occurs.
Normally I would enter on the 4h or 2h Chart but I will break it down to the 1H Chart because I like to take entries from there (Risk - Reward wise).
Thanks for reading
Russel2000
#IWM US Small caps at Significant levelThe US Small cap equities index - IWM - Russel 2000, has approached a massive level of polarity. This 160 level is where the old resistance has turned into support previously. Monitor for reversal and continuation upwards. A break of this level however could really cause massive technical damage. The bulls have their work cut out for them this week
Bitcoin, Russel2000, Trends & Patterns. 15k zone retest coming?--First of all, I want to state that I am not a financial advisor. My thoughts do not constitute investment advice.--
So I believe that the Russel 2000 and bitcoin mostly move together. We can agree on that. It is very rare when the two exchange rates show divergence. But in the vast majority of cases, when the Russel 2000 price falls, the bitcoin price tends to follow.
As you can see, the Russel 2000 exchange rate is taking pattern, the continuation of which is mostly not favorable for the exchange rate. If this happens in the near future, we can be almost certain that bitcoin will continue its downward path.
I'd be happy if I wasn't right, because I'm also tired of the bear market. It seems very long. But we have to prepare for the case that this trend continues...
--Some thoughts that can be stated as fact--
- on the weekly chart of bitcoin, the RSI ~53 level is key in determining the direction of the trends. Bearish trend below level 53. Bullish trend above level 53.
- the price of russel2000, when it falls, the price of bitcoin used to follow it in the long term
- the pattern emerging on russel2000's chart is not bullish
- russel2000 is an index that includes the riskiest stocks and companies (just like bitcoin is a risk instrument)
- technically, the bear trend has already broken
- no bull market yet
- The world economic situation is still hopeless (experts advise to calm down, but there is already a technical recession in several countries and inflation has started to increase)
- The Russian-Ukrainian war that has been going on for years does not want to end yet
All in all, things aren't looking too good yet. Now the only thing the market is clinging to is the SEC's decision on bitcoin ETFs. But I think the SEC is stalling as long as it can. Therefore, I do not expect a final decision on this matter before 2024.
Finally, don't forget to share your thoughts with me, whether you agree or disagree. I am open to all points of view. Fortunately, we don't see everything the same way. This is how we encourage each other to learn and think. <3
If you are interested in how I predicted the bull trend reversal and bitcoin fall in 2021, then check out my 2021 analysis, here.
If you are wondering how I predicted in 2022 that we will go down to the ~$18,000 range and then up to the ~30,000 dollar range, then look here.
If you like my idea and share it with others, I am very grateful. And thank you.
As you can see, at the moment I can imagine 2 directions. So my 100% bearish mood is starting to turn bullish. But I'm still cautious. And just like the market, I can't decide the direction 100%.
GME: Falling Wedge Breakout to All-Time Highs is NearGME recently bounced from the lows on the lower timeframe thanks to a Bullish Gartley and a massive amount of MACD Bullish Divergence and it has since come back down to fill the gap the rise created; now that GME has filled that gap it is going for a second leg up and the RSI is entering the Bullish Control Zone, and soon it will be Bullishly breaking out a macro falling wedge pattern which if it breaks, I think could take it up to the levels of at least $120-$135
4-25-23 [russel2000]Good afternoon, Anon,
Seeking a comprehensive breakdown of the Russel2000?
Allow me to elucidate for you.
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The Russell 2000 is presently entrenched in a quintessential Wyckoff accumulation phase:
Dubbed - The Wyckoff Accumulation Schematic #1.
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Who is Wyckoff, and why is he of significance?
Well, Wyckoff reigns as the vanquisher of bears,
as well as the architect of unanticipated realities.
Wyckoff embodies an interdimensional algorithm,
crafted to cleave you asunder.
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Green trajectory = Should the ensuing days yield favorable earnings, anticipate the Russell 2000 to be propelled into the celestial realms.
Strawberry trajectory = Russell breaches the low with ferocity, accompanied by a colossal volume spike, prior to being catapulted to all-time highs.
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Ps. An upsurge in small-cap stocks signifies an environment inclined towards risk-taking.
#IWM Russel 2000 looking technically bullishSome real meaningful progression for the bull case in US small cap stocks.
50 dma > 200dma
Price has cleared the critical resistance level between 187-188.
Price has some short term resistance at the 38.2% fib retracement here, but it looks like we should progress to the next resistance level at the 50% fib retracement at 200.
Chart is showing a clear formation of higher swing lows and higher highs.
Hard to be bearish this chart.
Opportunity here to buy the breakout with a relatively small stop as a close below 187.50 might put the bullish case on hold.
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.
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i'm theorizing a full blown rally in the months ahead, right into april \ may.
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russel200 expanded flat target sits right a the 1.75 algo, which is roughly at $2392
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please don't treat this as financial advice.
consult your financial advisor before making any decisions in this market.
RTY - JunkCo IndexIndependent Producers remain in implosion mode.
Bankrupt Companies feigning existence worthy of a Bid.
Chasers will be wrecked again 1610 fails and it's going
to lose 90%+ into 2023 October.
______________________________________________
For now - the Flamingo is having a bit of difficulty getting
gamblers back to the tables.
A complete horror show... this JUNK.
RUT Russell 2000 Support and ResistanceRUT Russell 2000 bounced from the strong support of $1940 and is heading to the $2180 resistance.
I also think we might see the end of the war soon.
Russia says the first phase of its “military operation” in Ukraine is mostly complete.
Looking forward to read your opinion about it.
Rvx undecided still holding bearishMy guess is the market is waiting for a fed meeting to decide the direction for me Rty looks ready to die a horrible death but we will see.
I'm bearish bias right now until we see some goo price movement in either direction, maybe a lower high on price movement or break down lower on the RVX. sending rty to retestance
LONG RUT: 8MONTH CONSOLIDATION BREAKOUT CONFIRMEDLong rut for 2600
rut breakout of ath consolidation after 8 months. recent bear failed to break down and invalidated =breakout BOOON confirmed.
russell 2000. same setup as yesterday essentially.time has elapsed, therefore, more data is available. As much as we would all love it if the charts were frozen in time so we could analyze them endlessly, they aren't. Still, by operating on the higher time frame we can see structures that have some staying power. The structures I identified yesterday, I can now talk a little more about.
I would like to see a ping pong event of price going back up to the 2230 region, but only time will tell. The market reflects global market sentiment and not what I think would be nice.
The nasdaq is my favored instrument because of it's volatility surrounding the open. It dropped almost 200 points this morning, which is nearly 4k per contract. I wouldn't have caught the whole move, and it's not a great idea to be totalling up your woulda-coulda-shoulda trades, but if you are having uncertainty where to focus yourself you can view that voice as a primitive guidance system. It probably won't go away until you put it's suggestions to the test.
S&P: A Recovery ?!Following the FOMC, US stocks went agressively down with the Gold and the EUR. However, a recovery is always expected on the S&P500 as it is on any index fund such as the russel2000 which also has seen a big downward movement.
Technically, a second rejection can be expected on the strong round 4200 support forming a double bottom pattern adding more confirmation to our support and thus to our buying setup.
Until then, trade safe !
ridethepig | Small Caps Breaking DownA timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in.
Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that its not different this time will continue with the necessary text, the question is whether real money decides to step in and stop the bleeding. After losing support the next key level in play is 1350, and a deeper extension towards 1,175.
Thanks as usual for keeping the feedback coming 👍or 👎
PRICES COULD GO EITHER WAY ON THIS! (RUSSEL 2000)Here we have it guys! Prices could literally go anywhere, we could go long or we could go short!
If prices pierce through the 1580.000 Region , we could potentially go to highs of 1640.000.
HOWEVER.
If prices break below the 1520.000 Region , we could possibly go to lows of 1500.000/1480.000/1460.000.
Literally sit on your hands and let the markets do the work!
Enjoy!