Russell 2000 H4 | Potential bullish bounceThe Russell 2000 (US2000) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2,035.65 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1,998.00 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 2,084.41 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
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Russell
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RUSSELL 2000 preparing for a long-term rally.Last time we looked at Russell 2000 (RUT) on April 01 (see chart below), we called for a pull-back towards the Symmetrical Suport Zone, which as you see took place and the price immediately rebounded:
We are now at the top of the Channel Down, which so far is a mirror of the January - March 2022 Channel Up and technically is the Handle of the long-term Cup and Handle (C&H) pattern and a Bull Flag. As long as the index remains within the Flag, one last test of the 1W MA50 (blue trend-line) is possible but our long-term Target of 2293.0 (Resistance 2) remains intact.
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US2000 / RUSSELL 2000 Bullish Heist Plan to Make MoneyHello Traders,
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Dow and Russell could extend lowerDow and Rusell2k have rallied back and may be finding seller supply at current levels. If prices go lower and fail to hold recent support, then an extension of the down move could be in play.
The majority of the gains stocks have been from the ai and magnificent 7 stocks (nvidia, amazon, tesla, microsoft, apple, google, meta). These stacks are a larger percentage of the sp500 and nasdaq than the dow and russell. The rest of the economy may not be fairing as well as the implied moves of the magnificent 7 which is attracting all the momentum money.
Higher rates affecting funding costs would hit industrials in the dow and the small businesses more in the russell2k.
RUSSELL 2000 Bottom of Channel Up. Buy signal.Russell 2000 reached the bottom of the (1d) Channel Up on a symmetric -9.20% bearish leg, like the one before.
It is holding above the MA100 (1d), same with August 25th 2023, which was also a -9.15% decline but the rebound failed to close over the MA50 (1d) and resumed the downtrend.
Trading Plan:
1. Buy on the current market price and as long as daily candles are closed over the MA100 (1d).
2. Sell if a daily candle gets closed under the MA100 (1d).
Targets:
1. 2230 (+13.61% rise like the bullish leg before).
2. 1830 (-15.63% decline from the top, like the March 24th 2023 low).
Tips:
1. The RSI (1d) is on a pattern consistent with -9.20% declines. It is approaching the 30.00 oversold limit.
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US2000 / RUSSELL 2000 Bullish Robbery PlanHigh risk Heist Plan,
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US2000 / RUSSELL 2000 Bearish Side Robbery PlanHola Ola Robbers,
This is our master plan to Heist Bearish side of US2000 / RUSSELL 2000 Market. my dear Robbers U can enter at the Moving Average pullback, Our target is Caution Zone. We can escape in the Target area. Guys If you loot some money please take it partial. This is high risk heist plan setup, Because we are going to Steal is the Indices Market. so you should take care of yourself, Be patient and careful.
Russel 2000 WeakLet's take a look at the Russel 2000. This index seems to be the only one between the Dow, Nasdaq, and S&P that is failing to break to new ATH while they are.
What we're seeing is a triple top/triple resistance in Aug 2022, than again February 2023, and again August 2023 which was confirmed with a break down to the lows of October 2023 before more manipulation came into play. Some will say inflation is declining and talks of rate cuts seems to be the reason markets rose, but from what we are hearing today from the Fed is that rate cuts aren't likely as they continue to backtrack and downplay rate cuts.
Perhaps, they know something before we do... perhaps double peak inflation like the 1970s? Just as everyone believes its declining, surprising new data comes out that proves otherwise? Let's see.
Once again we see the Russel 2K failed more recently to break and hold above 2020 with constant rejections. This would be the 4th rejection and we could be on the 5th rejection. And why not? Banks once again are starting to shake, with JPMorgan losing deposits, NY Community Bank failing, banks invested in CRE are tanking and this before the big ending to their Bank Term Funding Programme (BTFP) officially ending. Look at the chart for it, it spiked in March 2023 with the failure of SVB, and it is spiking once again Jan and Feb of 2024. Something coming down the pipelines?
I shudder when I see markets breaking ATH, because it has ALWAYS meant markets are more vulnerable to bad news (be it financial, economical, or geopolitical). What we're witnessing is a market that is getting fundamentally weaker and weaker. The economy does not support equities hitting ATH, as earnings are revised lower, personal debt is $17 TRILLION dollars (an ATH) and personal savings are at an all time low. This is not including the decaying jobs market, retail, national debt, manufacturing, consumer sentiment and so on. The floor is a 1 centimeter sheet of ice and it's warming up. This bubble is poised to pop any moment now.
My advice
Obviously, be vigilant. If you are holding positions from a lower price point and you are making profit, I say hold until whatever event happens and breaks the glass floor. If you are new money looking to invest, I can not suggest investing now at the top with such toxic economy and financials. Do your own research, look at the economic data and see if any of it or at least majority of it gives you peace about investing. People are broke, debt is exploding so retail will inevitably collapse and since we're a retail based economy, you can imagine what comes next.
Targets for Russel 2K - IWM
1) 1915, if we break that then
2) 1730, if we break that then
3) 1680, if we break that then
4) 1630, if we break that then run for the hills.
RUT 2K Fell 17.50% After the Last U.S. Credit DowngradeIf you haven`t bought the RUT 2K regional Double Bottom here:
On Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing "a steady deterioration in standards of governance."
This downgrade occurred following last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which put the nation at risk of its first default.
Following a similar credit downgrade in the past, the RUT 2K Russell 2000 experienced a sharp decline of 17.50% within a three-month period. S&P, one of the three major credit rating firms, downgraded U.S. debt on Aug. 5, 2011, after another significant debt ceiling battle.
Presently, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022.
Even though is not likely, a 17.50% decline will lead to a Price Target of $1630 for RUT 2K.
Looking forward to read your opinion about it.
RUT 2K Price Prediction for 2024If you haven`t bought the Double Bottom on RUT 2K:
Then you probably know that small caps haven`t participated in the 2023 market rally.
That`s why I believe investors will will for opportunities in the small cap stocks in 2024, and Russell 2000 index might offer a bigger return than the S&P this year.
My price prediction for RUT 2K is $2560 by the end of the year.
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.
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.
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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).
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Will Russell 2000 Lose 24% of Value?Russell 2000 Testing key level. Would make sense to get a bounce from here, but the 2 year downtrend clearly shows bear pressure. If we break 159 next target is 145
If we get back inside of the triangle, I think this analysis is invalid and we might continue upwards
ps. This is weekly chart so this will take time unless we get some kind of catalyst
Active Trades GOLD , DYDX and XRP
-PalenTrade
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.
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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!
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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.
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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.
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.
🟩 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