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IWM - Russell 2000 - SHORT (Wyckoff Re-Distribution)IWM looks to be reaching the UTAD stage of a Wyckoff Re-distribution schematic. Lowering volume in the lead up to UTAD provides confluence to the idea. Expecting price to return to linear regression trend line around 120. Price could extend further, but I expect we are nearing the top of this rally and a sharp correction in 2024. Take profit level of 120 coincides with a fibo extension of 1.618, so further confluence there. Markets are overinflated and this move would revert price back to the long term mean.
AMEX:IWMShort
by BullBearBlair
RUSSELL 2000 on a 20 month High! Is it sustainable?Russell 2000 (RUT) gave us an excellent buy entry on our last call (see chart below), as we achieved the most optimal buy near Support 2 and rallied all the way to our 2000 Target: The Resistance Zone broke and this delivered a new 20-month High on the index, the effect of which is more accurately seen on the 1W time-frame. The question is, how sustainable can this rally be? Well as the 1W RSI is only 3 points away from getting overbought (70.00) for the first time since March 2021, having also entered the 2 year Higher Highs Zone, it becomes less and less sustainable. In fact a less risky medium-term strategy would be to start selling and target the 1D MA50 (red trend-line). That is where we will reverse to a buy and target Resistance 1 at 2140. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PEPPERSTONE:US2000Short
by TradingShot
2
RUSSELL 2000 Spearheading the next stock market run?Russell 2000 / RUT closed the 3rd green day after hitting the Support A Zone that is holding since June 16th 2022. This is turning into a major long term buy signal and will be validated when tomorrow the 1day MACD forms the lowest Bullish Cross since March. Technically the bullish break out happens after the price crosses over the 1day MA50, but on a broader horizon, the current level is low enough to attempt a buy. Target 2000 (bottom of Resistance Zone A). Follow us, like the idea and leave a comment below!!
TVC:RUTLong
by TheCryptagon
RUSSELL 2000 Support Zone rebound?Russell 2000 (RUT) entered on Friday the wide Support Zone (1700 - 1630) that was formed on the May 12 2022 Low. The 1D candle closed inside it so unlike the bottoms that had wicks that recovered and closed above the Zone, this is most likely similar to the June 16 2022 and September 23 2022 breaches. A low is to be expected around 1640 but the index is already a strong long-term buy, as the cyclical behavior of the Sine Waves suggests. The tops match perfectly with the Waves. In any case, from now on the first sign of 1D RSI Higher Lows (Bullish Divergence if the candles are on Lower Lows), will be the last confirmation we need of an upcoming bullish leg, which was the characteristic of all previous 3 bottoms. On top of that, 10 days ago a 1D Death Cross was formed and even though that's a technical bearish pattern, last time it signalled the bottom. Our target is 2000, just below the 2008 - 2027 Resistance Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PEPPERSTONE:US2000Long
by TradingShot
1
RUT/NDX ratio tells you to keep investing in tech!Something a little different today. Was looking a some stock ratios and decided to regress the standard Russell 2000 against the risky technology index, the Nasdaq. This RUT/NDX ratio has been inside a Channel Down since the Dotcom Bubble send it sky high, collapsing the tech sector. The Channel Down has never been broken since and made a new Low this month. What does this tell you? Keep investing in tech! Follow us, like the idea and leave a comment below!!
TVC:RUTShort
by TheCryptagon
3
RUSSELL 2000 Holding the key Bull Cycle Support. Disaster below?Russell 200 (RUT) has had a big safeguard on the current Bull Cycle following the Housing Crisis bottom in 2009. The symmetrical Zone that was formed on the previous All Time High (ATH) has always held once it transitioned into Support upon periods of corrections (with the natural exception of COVID) and provided the framework for the rebound initiation of the next rally. This time the previous ATH Zone has been continuously tested since May 2022 and so far has closed all candles above it. October has already entered this Support Zone with the 1M MA100 (green trend-line) right below it and the longer it holds, the sooner it will also enter the Zone. When the 1M MA100 broke during the COVID collapse, the flash crash extended almost as low as the 1M MA200 (orange trend-line). Naturally the market conditions now are severely different than then, but the Support Zone must hold at all costs. If it breaks, the distress signal that will send may echo across high cap markets, especially the technology sector. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:RUT
by TradingShot
2
IWM looking vulnerableThe Russel 2000 closed below the daily 200 MA today. It's never a good sign for the breadth in the market when the Russel starts breaking down. I think there's a strong likelhood we continue to breakdown, based off todays IWM price action. Small caps got rejected today at the pre market high and just kept selling all day. What makes thing price action bad is the fact that we closed below the pre market low and the daily 200 MA. The volume on todays close was higher than usual which also indicates some serious selling pressure. A clear Head & shoulders pattern is apparent on the chart, if this triggers...watch out below.
AMEX:IWMShort
by Trading-Capital
RUSSELL 2000, Trading Above Keylevel With Continuation Possible!Hello Traders Investors And Community, welcome to this analysis about one of the major stock market indices RUSSELL 2000, its 4-hour timeframe perspective, the recent price-action, the current formation and what to expect from the index the next times. Similarly to other preliminary indices the RUSSELL 2000 has recovered from its heavy corona breakdown seen this year but this does not mean the bear-market is overall over, in this case, all the main stock market indices begin to struggle with their uptrend growth and either consolidating or already building up downside potential, therefore, it is important to look at the facts and realistically measure what is possible in the next times and what is unlikely to do not get overwhelmed when things move into the reverse perspective, therefore I detected some important signals which will determine the further outcomes of this index. When looking at my chart now you can watch there that the index formed a symmetrical triangle below the meaningful falling resistance marked in blue which formed by the all-time-high and the tops formed in last price-actions. This triangle has successfully confirmed to the upside and the index managed to closer above the important falling resistance line where it consolidates currently as you can watch it marked in my chart, this consolidation and breakout occurred are two decent bullish signals playing to the possibility that the index can continue with bullish rising to the upside when there do not come any bearish signs which invalidate this scenario again. Furthermore, the trading above the 60-EMA marked in cyan in my chart is supporting this scenario which will be confirmed properly when the index manages to break out of the consolidation and move on as it is shown in my chart. Taking all these factors into consideration the index currently provides a more bullish than bearish outlook on the short-term, this is really important to note that the index has some potential in the short-term but it will run inevitably into resistance levels higher in the structure, this means a bearish reversal is not totally out of the sight as the uptrend begins to struggle and slowly don't this should not be kept by side. Also, the real economic situation is still providing a big divergence to the stock-market where real economy is damaged by corona and the stock market making almost exceptional growth to the upside where retail moves into the market while smart-money stays out of it this isn't a healthy environment where both factors real economy and stock-market growing together and therefore should not be ignored considering the next months and outcomes where the speculative rallies can reverse and lead to a shaky downside environment. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Information provided is only educational and should not be used to take action in the markets.
TVC:RUT
by VincePrince
1
🟩 Smaller stocks are showing valueThe small caps are getting to levels when they show value based on earning yields nad based on relative strenghts. These are the levels we saw before when the Russell 1000 started outperform the Russell 2000. Hence this is showing a potential broadening of the rally and give confidence to traders to not stick to the Mega Caps (FAANGS). Rather, this is showing traders, that as long as stocks setup, you can stay synced with the theme. TVC:RUT and TVC:RUI
TVC:RUTLong
by TintinTrading
Russell 2000 showing strong upside after W breakout to 1,973W Formation formed on Russell 2000. I missed the boat on this one. There are just so many markets so little time to focus on. It had the perfect buy setup with all the criteria. Anyways, those that got in, there is more upside to come. 7>21 Price>200 RSI>50 Target 1,973 ABOUT THE RUSSELL 2000 The Russell 2000 is a stock market index that measures the performance of approximately 2,000 small-cap stocks in the United States. It was created by the Frank Russell Company in 1984 and is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. The Russell 2000 is widely considered a benchmark for small-cap stocks and is used by investors to gauge the overall health and performance of the broader small-cap segment of the U.S. stock market. The Russell 2000 has a diverse range of constituents, covering various sectors such as technology, healthcare, finance, consumer goods, and industrials. The Russell 2000 is often used as a benchmark for mutual funds and exchange-traded funds (ETFs) that focus on small-cap stocks. CRITERIA TO GET INTO RUSSELL 2000 To be eligible for inclusion in the Russell 2000 index, stocks need to meet certain criteria set by FTSE Russell. Market Capitalization: The primary requirement is that a company must have a market capitalization within the defined range for small-cap stocks. I'm not sure what this is set to at the moment. But I imagine it's smaller than the large cap stocks :P Somewhere around within the range of a few hundred million dollars to a couple of billion dollars. This is out of my knowledge point as I'm a South African :) FTSE Russell determines the specific range annually during the reconstitution process. U.S. Listing: Stocks considered for inclusion in the Russell 2000 must be listed on a U.S. exchange, such as the New York Stock Exchange (NYSE) or NASDAQ. Share Price: Stocks need to meet a minimum share price requirement to be eligible for the Russell 2000. The specific threshold is determined by FTSE Russell. Also not sure but I believe it's typically in the range of a few dollars to tens of dollars (can we say that?). If you know more information please let me know as I'm a South African and not really sure about criteria with US stock exchanges and markets. Sorry. Regardless, it looks like it's going to continue up!
TVC:RUTLong
by Timonrosso
Macroeconomics for Crypto.Why bitcoin does not go with the S&P?This is research is to figure out where and when to look for the bottom of bitcoin. More importantly when to get out of it if we have a bull run. This may be something new to you, but macroeconomics is crucial here. And this I will try to explain it. The main hypothesis is that the cryptocurrency market has become highly institutionalized, the guys from Wall Street came here. They don't know how to trade from the level, unfortunately, but they know how to do macro sentiment - and Bitcoin became part of their portfolios and now trades the same way as the stock market. Bitcoin has all but lost its independence when Wall Street the weekend trading volumes and volatility is very low almost nothing happens. In 2018 guys like Fidelity came into cryptocurrencies. In 2020 they invited their rich clients and it was a turning point, since then all major banks and funds have been sending their clients compilations with analytics on cryptocurrencies This is an example from UBS bank It's not what we're used to seeing in Tradinvgview or on Twitter, but it's nothing complicated My opinion is that, the connection between cryptocurrency and stock market will only increase, so I urge all traders and investors to pay attention to the way Wall Street analyses work. Their job is to constantly monitor the analysis of the two economic cycles: business cycle and stock market cycles This is a schematic representation, the cycles are unsynchronized. The stock market is a reflection and result of the expectations of traders as to what is happening or will happen in the business cycle Business cycle scheme Everything starts with a reduction in interest rates by the central banks or with an increase in government spending, loans and mortgages become cheaper, the housing sector grows first - houses are built, more resources and materials are spent, the economy comes to life. People buy homes, make repairs, buy appliances, furniture, buy cars, have children, pets. They multiply their consumption, buy a second TV in the living room, subscribe to netflix, go to barbershops and beauty salons - the manufacturing and service sectors grow, unemployment falls, household incomes and corporations grow, and prices rise with them. Consumption peaks - inflation becomes dangerous - the Central Bank raises interest rates - credit and mortgages become more expensive - the housing sector collapses followed by the manufacturing and service sectors, unemployment rises, household and corporate incomes fall, consumption slows, inflation slows down. Sometimes there is a recession, the central bank lowers interest rates - the cycle is closed 😀 This year, almost all central banks in developed emerging markets are raising interest rates. Fact - 50% of all macro analysis will come down to assessing the likelihood of interest rate increases or decreases. Obviously there is money, there is growth and vice versa there is no money, no growth. We're about here in the middle of the cycle, a global recession is likely ahead All this is necessary and important to understand in order to assess the prospects and dynamics of stock prices on the stock market. We are used to the fact that there are many companies whose shares are traded on the stock exchange, and the companies themselves are divided into sectors and industries for classification. The first to react to the expectation of economic recovery are the sectors of financial housing and transport and so on. The logic was described above - mortgage, Home, Car, Kids, TV, netflix subscription and barbershop, etc. Wall Street looks at the stock market a little differently, through factors, that is, properties of certain groups of stocks, for example: industry sectors are commonly divided into cyclical - these are goods services secondary necessities that are highly dependent on the business cycle and non-cyclical - that is, these are goods services primary necessities that are not so highly dependent on it. The first - will respond cyclical, the factors are hundreds, but I will tell you with the most important and understandable. Imagine we take all the stocks and sort them by properties, by volatility, by beta, by dividend yield, by business margins, by multiples and so on so by these factors the stocks are sorted into a whole group. The first factor I consider is the volatility factor aka beta imagine an index of unprofitable junk companies like Virgin Galactic and other meme stocks this will be the extreme manifestation of the beta factor and the riskiness of the idea in Ark innovation by Cathie Wood - it consists of just that. The Quality factor is dividends, blue chips, s&p 500 index, Dow Jones is about them. The Value factor is the value of perpetually undervalued companies with low multipliers, the core of the real economy, they also have their own index, Russell 2000 Growth factor - Growth stocks are companies with prospects of perpetual revenue growth Apple Tesla uber is them And the nasdaq 100 is their index The Size factor is about capitalization small, medium, large, huge The institutional manager's view on the composition of the portfolio is approximately as follows: there are two modes of money and no money. When all is well, money is worthless, cash is trash. The manager buys into his portfolio everything that has high risk and high profitability, high-risk assets: IPO, SMall Cap, venture capital, cryptocurrencies, etc. When the regime is like now, when money is expensive and everybody needs it, the riskiest part is sold first, and further down the chain the portfolio increases the share of cash and bonds from the shares. Here's how these factors look within the stock market cycle. High-risk cyclical small-cap stocks are the first to respond to rate cuts and economic recovery. Next come value stocks, then quality stocks, then growth stocks. Eventually the party ends for everyone and everything goes down, risk OFF mode kicks in. Finally, Bitcoin's connection to the stock market Next you will see the result of a manual correlation search with thousands of stocks of different factors and other asset classes. I will show just a few : the orange line is what we are comparing to, the blue line is the bitcoin scale logarithmic. correlation coefficient on the right - peak correlation and current correlation look only at the visual picture First s&p 500 index is a quality factor peak correlation 88 current 68. Large Cap, Quality, Low Beta For example Coca Cola - Correlation is negative. Nasdaq 100 factor Grow stock growth peaks correlation 86 current 72 is little is the Russell 2000 Value Factor Index And in it most of the small and mid-cap companies from the real economy cyclical sectors in the Peak correlation 93 now 79 The transport industry index in Peak is 95 current 82 Bank index 94 peaks 30 now If Bitcoin were a stock it would be an asset: Value, Cyclical, Small Cap, High Beta, High Risk asset. Stock - value, cyclical sector, small capitalization, high beta and high risk Its place in the cycle starts from where all cyclical industries like transportation, small capitalization companies with the value factor before the recession Here's what the dynamics of the various stocks look like depending on the macro regime actually this is the main chart look at top Bitcoin next comes the SP500 below the Russell 2000 index and the nasdaq 100 From the covid bottom After the rate cuts, everything went up - it's understandable high risk and loss assets rose the most. But of the indices, it was the Russell 2000 that showed the most growth February 2021 marked the vertical lines , inflation expectations hinted that things would be very bad and the entire high-risk segment of the portfolios began to close. the highbets and High Risk were the first to go under the knife. The Russell 2000 stayed basically the same as Bitcoin for a whole year, but it moved stronger. And the Nasdaq 100 and s&p 500 continued their movement. This January's response is the second vertical line turned risk OFF for all assets and the party is over. Bottom line Bitcoin doesn't go for the nasdaq it doesn't go for the s&p 500 goes with the Rassell 2000 index and high-risk assets as part of someone else's portfolios. So we have already seen a new bull run early and it will quickly start and quickly end we should try to be ready for it and not wait for miracles. I really want to remind you that bitcoin's bottom and peak is not a price or a date - it doesn't work that way. It is a period of macro regime change from risk on to risk off and back I have a plan for How to watch and how to act. Thank you very much for your attention. I wish you success in trading and learning the macro, I am sure you will find it very useful . I would also like to thank Anton Klevtsov for the information Best regards EXCAVO
BITSTAMP:BTCUSD
by EXCAVO
47
Russell 2000 (RTY) Looking to Break LowerRussell 2000 (RTY) Cycle from 4.3.2023 high is in progress as a 5 waves diagonal. Down from 4.3.2023 high, wave (i) ended at 1752.7 and rally in wave (ii) ended at 1825.43. The 1 hour chart below shows the chart starting from wave (ii) peak. The Index then resumes lower in wave (iii) towards 1731.7. Internal subdivision of wave (iii) unfolded as a 5 waves impulse. Down from wave (ii), wave i ended at 1794.8 and rally in wave ii ended at 1814. Index resumes lower again in wave iii towards 1733, wave iv rally ended at 1748.80. Final leg wave v ended at 1731.7 which completed wave (iii). Index then corrected in wave (iv) with internal subdivision as a zigzag Elliott Wave structure. Up from wave (iii), wave a ended at 1762 and wave b pullback ended at 1742.20. Final leg wave c higher ended at 1796.50 which completed wave (iv). Index resumes lower again in wave (v). Down from wave (iv), wave i ended at 1720.4 and wave ii ended at 1778.9. Wave iii ended at 1716.70. Expect wave iv to fail and Index to resume another leg lower to end wave v of (v) of ((i)). Afterwards, Index should rally in wave ((ii)) before it resumes lower again. Near term, as far as pivot at 1825.43 high stays intact, expect rally to fail in 3 ,7, 11 swing for further downside.
CME_MINI:RTY1!
by Elliottwave-Forecast
IWM Russell 2000 RUT affected by the SIVB collapse! Puts to buy!After the last RUT Russell 2000 Price Target was Perfectly reached: Now you need to know that many of the Russell 2K companies will be impacted by the SIVB collapse. Roughly 50% of the US venture capital-funded startups are clients of SVB , potentially putting 65,000 startups at risk of payroll disruptions. Such a situation could have significant consequences for the startup and tech sectors. Silicon Valley Bank did business with FTX, plus many other formerly overvalued tech companies. With $210 billion in assets, $SIBV was the 15th largest bank in the US in terms of deposits. IWM puts considering buying: 2023-4-21 expiration date $169 Strike Price $3.65 Premium Looking forward to read your opinion about it!
AMEX:IWMShort
by TopgOptions
2
Elliott Wave Projects Zone where Russell (RTY) Rally May FailRussell 2000 (RTY) ended a 3 swing corrective rally from 10.13.2022 low at 2016.90 on 2.2.2023 high. From this level, the Index declines lower with internal subdivision as a 5 waves impulse Elliott Wave structure. Down from 2.2.2023 high, wave ((i)) ended at 1906.2 and rally in wave ((ii)) ended at 1970.10. The Index resumes lower in wave ((iii)) towards 1728.5 and wave ((iv)) rally ended at 1800.8. Final leg wave ((v)) ended at 1708 which completed wave 1 in higher degree. Rally in wave 2 is now in progress to correct cycle from 2.3.2023 high in 3, 7, or 11 swing before the decline resumes. Internal subdivision of wave 2 is unfolding as a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 1779.4 and pullback in wave ((b)) ended at 1750.40. Wave ((c)) higher is in progress as 5 waves. Up from wave ((b)), wave (i) ended at 1808.2 and wave (ii) pullback ended at 1785.30. Expect the Index to extend higher before it completes wave ((c)) of 2. Potential target higher is 100% – 161.8% fibonacci extension of wave ((a)). This area comes at 1821.4 – 1865.4 where the rally in Russell may fail and the Index starts to resume lower. As far as pivot at 2.2.2023 high at 2016.9 stays intact, expect rally to fail in 3, 7, or 11 swing for more downside.
CME_MINI:RTY1!
by Elliottwave-Forecast
3rd Dimension Analysis. One dimension analysis or the depth analysis can be studying into the financial data of a the company. . Two dimension analysis is when the investor or trader studying into the chart - Price & Time. . Third dimension analysis is where we combine one and two dimension analysis. Third Dimension Analysis = TA + Depth Micro E-Mini Dow Jones Contract value, $0.50 x DJIA Index Micro E-Mini S&P Contract value, $5 x S&P 500 Index Micro E-Mini Nasdaq Contract value, $2 x Nasdaq-100 Index Micro E-Mini Russell Contract value, $5 x Russell 2000 Index Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CBOT_MINI:MYM1!Short
by konhow
Did stocks just bottom? Are they going higher or lower?It looks like stocks bottomed today, but what is my evidence, and why would I say that? 1. This correction has been very orderly, and VIX has been going down along with stocks, which means something is happening. 2. Stocks have held exceptionally well despite rising interest rates and the DXY. 3. We have continuous liquidity injections by most central banks, and that doesn't just mean the BoJ and PBoC. Since the Sep-Nov issues that bond markets faced globally, even the Fed and Treasury have increased market liquidity. 4. Current debts can't be repaid. That's why bonds are going down (yields up). There is no way governments can't pay these dividends through taxation and can only repay them with printed money. Now you can hold both a depreciating asset that pays dividends and riskier assets. Chasing a fool's yield isn't ideal, but it's a strategy. Higher yields = more money supply will be created. High inflation isn't necessarily bad for stock markets, contrary to what the majority wrongly believes. 5. During this correction, sentiment has become increasingly bearish, with most investors being bearish. At the CryptoBullSociety, in private channels, as well as on my Twitter account, I have been talking about the market piercing the 200 DMA and bottoming. Yesterday I shared bullish ideas on Tradingview for metals and Chinese stocks, which also permeates to US stocks after such a substantial rise since Oct 2022; the market needed to test bulls and, as usual, pull into the golden cross before going higher. On their way up, stocks swept some highs and filled some gaps, but some gaps were left unfilled higher, along with some newly formed double tops. Even if markets are about to go lower, I believe SPX will first test 4350-4400 and then go lower. By lower, I mean more of a sideways market than a continuation of the bear market or an outright crash. So far, we have seen the major US indices pull into their crosses, test support, sweep lows, and today form a reversal candle. Below are many US-related charts showing all the potential targets (double tops, double bottoms, etc.). The reason why I call them targets is that the market tends to break these structures. As we've been trending higher, it's more likely we will first take out the double tops and then the double bottoms. Currently, nothing indicates a crash, while there are indications of a bottom being in. To be clear, I am not saying we are ready to fly to the moon tomorrow, although we could. Given the system's structure, with most governments being broke, more money will be created. Below you can see some charts of other stock markets, like the GER40 (DAX), UK100 (FTSE), and CN50 (CHINA). I also added the S&P500 value index, IVE. UK100 is at new ATHs, GER40 near highs seem to be in tight consolidation before expansion, CN50 appears to be back in a bullish trend after capitulation (something I talked about in yesterday's idea, which you can find below), and IVE almost made new ATHs a few weeks ago. My overall point is that sentiment is bearish, while I believe liquidity will keep increasing, causing a short squeeze that could last at least until SPX gets to 4350. As I've mentioned in my previous ideas, it's unlikely that we would get a 2000 or 2008 crash so quickly after the Fed started tightening, and if we get one, it will probably be in Q4 2023 or Q1 2024. The path I've drawn in the chart is what I see as the most likely one, followed by another significant correction. Of course, I could be wrong, so my stop loss is at 3840
FX:SPX500Long
by BitcoinMacro
1
Elliott Wave Projects Russell (RTY) Should Resume HigherCycle from 12.20.2022 low in Russell (RTY) ended with wave 1 at 2016.97 as a 5 waves impulse structure. The Index then pullback in wave 2. Subdivision of wave 2 is unfolding as a zigzag Elliott Wave structure. Down from wave 1, wave (i) ended at 1986.3 and wave (ii) ended at 2015.60. Wave (iii) ended at 1938.8, wave (iv) ended at 1984.20, and final leg wave (v) ended at 1906.20 which completed wave ((a)). Rally in wave ((b)) ended at 1970.30 with internal subdivision as a double three Elliott Wave structure Up from wave ((a)), wave (w) ended at 1964.1 and dips in wave (x) ended at 1921.30. Wave (y) higher ended at 1970.30 which completed wave ((b)). The Index has resumed lower in wave ((c)) with internal subdivision as an impulse. Down from wave ((b)), wave (i) ended at 1931.3 and wave (ii) ended at 1968.60. Wave (iii) ended at 1885.4, and wave (iv) ended at 1921. Expect the Index to resume lower within wave (v) of ((c)) to complete wave 2. Potential target lower is 100% – 161.8% Fibonacci extension of wave ((a)), which comes at 1791 – 1860.
CME_MINI:RTY1!
by Elliottwave-Forecast
Russell 2000 potential for bullish rise to overlap resistanceLooking at the H4 chart, my overall bias for RUT is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a buy entry at 1893.8737, where the 38.2% Fibonacci line is. Stop loss will be at 1722.0208, where the previous swing low is. Take profit will be at 2134.4378, where the overlap resistance is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:RUTLong
by VantageMarkets
Russell 2000 potential for rise towards overlap resistanceLooking at the D1 chart, my overall bias for RUT is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1889.4148, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 1722.0208, where the recent swing low is. Take profit will be at 2134.1183, where the overlap resistance is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
TVC:RUTLong
by VantageMarkets
The Russell Riddle: which chart is 2008? ($IWM W) For the answer, scroll down to the comment section. Two charts of $IWM weekly TF. One chart is current (as of 2/4/2023). The other is 2008 ,up to 4 candles before the 50% drop. Which one crashed 50%? The conundrum: why do we assess current price action as bullish, when a similar pattern resulted in the GFC in 2008? There are many possible answers, none of them wrong. The one that interests me is the possibility that our bias is more extreme when we have experienced (traded) the price history. In this case it means experiencing the climb from the October 2022 lows. The alternative is basing our bias on the price history in a chart but *without* experiencing the returns themselves. For example IWM's similar price action in 2008. Any difference in sentiment would be consistent with studies showing that decisions made from experience often diverge from those based on description.
AMEX:IWM
by gb50k
10
Russell Futures ( RTY1! ), H4 Potential for Bullish ContinuationTitle: 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 the overlap support is before heading towards the resistance at 2033.0, where the previous swing high is. Alternative scenario: Price could head back down to break the pivot at 1909.8, where the overlap support is, before heading towards the support at 1832.2, where the previous swing low and 38.2% Fibonacci line is. Fundamentals: There are no major news.
CME_MINI:RTY1!Long
by Genesiv