FOMC Party is over folks!End of the relief rally after FOMC. Lots of shorts squeeze for the big expiry today. We should see a sharp pullback now.
We hit multiple resistances on Russel 2000 on multiple hourly, daily and weekly chart. Current price : 2050, Target is back to 1900. SL 2110
Disclaimer : I have short positions in Russel 2000 as mentioned here. This is not an investment advice but an educational idea.
Russell2000
Trouble ahead? SPX VIXChart 1: Whenever the the Russell 2000 came down and got close (from above) to the SPX, the SPX went further down.
(Pleased ignore the first red dot to the left, as the Russell die not come down there to meet the SPX but vice versa)
Chart 2: Whenever the VIX, coming from a modest down, crossed the red line, soon further spikes in volatility followed (red dots).
Particularly if the the VIX should cross the red line soon, you might consider hedging your positions.
Russell US2000 Daily Outlook | 22 - AprYesterday was massively profitable for me. Today, once again lets see how price will react towards my expectations.
Note: Am not a mentor, i am just a random guy who journals his trades on TView for trading community to read and comment their opinion. This not a signal hence copy at your own risk!
Kings.
Elliott Wave Analysis: Russell-Small Caps May Face More WeaknessHello traders and investors!
Today we will talk about small caps - Russell 2000 Index in which we see nice and clean bearish setup, which means that Russell may face even more weakness in current risk-off sentiment.
From Elliott wave perspective Russell can be trading in bigger, higher degree A-B-C corrective decline, where wave C is still missing. We can see five waves of decline into first leg A, followed by a three-wave corrective rally in wave B, so wave C can be now in play.
From technical point of view, Russell made an impulsive drop from the highs and retraced perfectly back to the former wave 4 resistance area, from where we can already see sharp sell-off that can take us much lower, especially if breaks channel support line.
Well, seems like bears are still in control and we should expect more downside pressure in upcoming days/weeks, maybe even down to 1500 area, but firstly we want to see broken 1900 bearish confirmation level.
Trade well!
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Long Signal MESM22Buy Signal
Entry - 4458.50
TP - 4654.00
SL - 4388.00
For Daily Support/Resistance levels click here!
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Small-cap attack from the short sideLike other stock indices, the Russell 2000 spent most of the first quarter of this year under pressure and then recovered somewhat in March.
With the DMI having bear crossed today, we are taking an aggressive stance and shorting the index at around 2047. We'll record the trade below as soon as it's entered.
☑️RUSSEL 2000 (US2000): SELL➡️ Markets have been tumbling back and forth over the past couple of weeks amid geopolitical uncertainty, yield curve inversions and talk of a recession. And now we may have received a real bearish reversal signal in the major indices, especially the Russell 2000 Small Cap Index, which was already lagging behind the broader market.
Judging by the dynamics of Russell and a couple of other major indexes, there are indeed reasons for pessimism. The price is in a clear balance of 1878.80 - 2093 , which is most likely formed by sellers in order to push the price further down. The target for selling now most likely is the lower limit of this balance at 1878.80 (first of all) and further market participants will push the price to 1750.62 (second of all).
The mood for sales is very confident. The price area 2036.95 - 2093 will now contain growth and indicate the priority of sales. If the price goes higher, then the sale is called into question.
🔥 S&P500 & US30 Forecast Results 🔥
☑️S&P500: buy priority 👉 +124 points ✅:
☑️US30: stick to the short 👉 +305 points ✅:
➖➖➖➖➖➖➖
👍 Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Nasdaq, S&P500, Dow Jones, and Russell 2000 Forecast..!2022 started badly, but gives investors a generous opportunity to take some chips off the table..!
The major difference between a Bullish rally and a relief rally is Volume..!
In the past 14 years, I have read 100-150 K pages of books and articles about financial markets, never read a sentence that indicates a bullish rally with lower than average volume is sustainable..!
SPY:
QQQ:
TSLA:
The similarity between 2022,2008, and 2000 becomes more obvious each day..!
Forecast:
The most probable situation is testing green lines once again in the coming weeks..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Perfect Retracement for Small Cap Index The Russell 2000 index $IWM retraced and bounced perfectly off the 38% fibonacci level. Actually it bounced twice, which created a double bottom at the 38% retracement level. This strong level of support suggests the bottom may be in and small caps may start to lead the market up again.
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.
US2000 Russell 2000 Trade ReviewSee Picture for full Top-Down Analysis:
Higher Timeframe:
-Price high on 4hr sideways range so selling is a higher probability
-Buy Low with confirmation on lower-frame confirmation and sell high with confirmation on the lower timeframe.
Lower timeframe:
-Price broke upward Trend Line.
-Price Removed Pivot Point Demand Zone
-Rally Base Drop Created
-Sell pullback with 3:1 TP
RUSSELL2000:FUNDAMENTAL NEWS+NEXT TARGET | LONG SETUPRUSSELL 2000 FORECAST:
The Russell 2000 tumbles as U.S. inflation rises at the fastest pace since 1982
Lack of progress in peace negotiations between Russia and Ukraine also weighs on sentiment, accelerating the sell-off on Wall Street
The Russell 2000 near-term outlook remains bearish from a technical perspective
The Russell 2000 fell Thursday in midday trading, sinking about 1.3% to 1,990, weighed down by risk-averse mood due to rising geopolitical tensions and rampant inflation in the United States. Investor sentiment improved briefly yesterday on expectations that the crisis between Russia and Ukraine could begin to de-escalate soon, but the winds shifted again today after high-level talks between the two countries' foreign ministers failed to produce any progress towards a ceasefire.
To make matters worse, U.S. CPI continued to accelerate and reached 7.9% year-on-year in February, its highest level since 1982, driven by rising fuel, food and housing costs.The commodity market price shock of the past few days did not influence data for this period, so we can effectively say that inflation has not yet peaked, and that much higher readings are likely in the coming months.
Mounting price pressures will lead the Fed to raise interest rates multiple times in 2022, starting at next week's meeting, although the hiking cycle may be less aggressive than anticipated earlier in the year amid extraordinary uncertainty stemming from the military conflict in Eastern Europe. In any case, the direction of travel is toward less accommodation and tighter financial conditions over the forecast horizon.
The transition to a more restrictive monetary policy environment, coupled with weakening activity, runaway inflation, and the war in Ukraine, will ensure that volatility remains elevated for the foreseeable future, complicating the equity market recovery, particularly for cyclically oriented companies that are highly dependent on healthy GDP growth. This leaves the economically sensitive Russell 2000 in a precarious situation and vulnerable to near-term weakness.
From a price action perspective, the outlook is bleak for the Russell 2000. Looking at the daily chart, we can see that the index is currently trading below its 200-day, 100-day and 50-day simple moving averages, and has been making lower highs and lower lows in recent months, two bearish signals that reinforce the argument that the path of least resistance is south.
In this regard, if the small and mid-cap stock benchmark stays on a downward trajectory, bears may attempt to launch on assault on 1,890/1,895. This technical support, defined by the 38.2% Fibonacci retracement of the 2020/2021 rally, has been tested twice in recent weeks, successfully repelling sellers each time. Should it be tested again, we may see a bounce from these levels, but if the floor breached, all bets are off, with a breakout exposing the 1,815 region.
On the flip side, if buyers return and bid price higher, resistance is seen near the 2,065 area, where the March high aligns with the 50-day SMA and a descending trendline in play since November last year. If bulls manage to push the index above this barrier, the next upside focus appears at 2,105 (February high). A sustained move above 2,105 and monthly higher high is required to resuscitate buying momentum and improve the near-term outlook.