Russell 2000 Index Futures (RTY1!),H1 Potential for Bullish RiseType : Bullish Rise
Resistance : 1827.6
Pivot: 1752.1
Support : 1681.3
Preferred Case: On the H4, with price moving above the ichimoku cloud and along the ascending trendline, we have a bullish bias that price will rise to the pivot at 1752.1 in line with the overlap resistance, 61.8% fibonacci projection and 61.8% fibonacci retracement . Once we have upside confirmation that price has broken past pivot , we would expect bullish momentum to carry price to the intermediate resistance at 1795.3 in line with swing high resistance and 78.6% fibonacci projection. Should price break intermediate resistance, we would have a bullish bias that price would rise to the 1st resistance at 1827.6 where the pullback resistance, 100% fibonacci projection and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 1681.3 in line with the swing low support.
Fundamentals: Equities continue to experience a volatile summer trading season as Russell 2000 futures continue to trend lower, giving us a bearish bias on Russell 2000.
Russell2000
RUSSELL 2000 respecting FIB levels; ABC may reach 1500 vol zone.The smallcaps Russell 2000 futures RTY1! (also the IWM etf), a leading market indicator like the transports, may complete an A=C correction ending in the volume profile zone near 1500. (IWM seems to be consolidating in tranches of 200…ex…230, 210, 190, now @ 170 & maybe 150 around 4Q2022.) This will complete the final wave 5 of C-wave.
As you can see in this weekly chart, Russell 2000 respects impt FIB levels. 2100 zone is Fib 0.236, 1900 is Fib 0.383, the current 1700 zone is Fib 0.50 & the projected 1500 bottom zone will be Fib 0.618, the most likely zone for a reversal.
THE BULLISH CASE: if Russell 2000 holds the 1700 zone, the bounce will be very quick due to the 2 LOW VOLUME zones. The target will be 2100 with some consolidation near the 1900 zone.
Not trading advice
Cosmos (ATOM) Death or LifeMany cryptos are found in crucial points:
1) BTC is in the 20k zone where we find solid support from the all-time high of 2017 2) ETH at 1k
3) Stocks Market (US500 & Nasdaq 100) on the one week average of 200 and on another solid support.
Returning to some other interesting alcoins we find together with Solana at sale prices
ATOM which is at $ 8 which finds 3 fundamental graphical factors
1) Support of its first point of maximum (green rectangle)
2) The Fibonacci extension at the price of $ 5 which has already been touched and now seems to be consolidating
3) Confirmation of the consolidation phase with a very visible bullish divergence with RSI rising and price falling.
Obviously we are in a bear market and you have to be careful to enter a LONG trade, but it could be an interesting point to accumulate and make a first purchase.
And what do you think?
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Russell 2000 Futures Next Leg Down -10%Russell 2k $RTY1! broke below the 200 EMA on weekly and failed to regain 1800 as support.
As the canary in the coal mine, the Russell 2000 comprises of the 2000 smallest stocks of the Russell 3000 (broad capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S stock market) and provides a solid bellwether for forward facing trends.
Next move is a 10% markdown from 1700 to 1550. From there we will likely see a failure to regain 1600. With Q2 earnings coming and early signs of margin compression in the face of rampant inflation ($NKE earnings revealing some weakness), expecting to see 20 EMA crash below the 200 EMA with the 50 EMA following closely behind.
On balance volume reflecting a downtrend that really gained momentum in late March / early April with no sign of reversing in the near-term.
Small Caps Russell 2000 Looks Attractive: Elliott WavesHello traders and investors, today we will talk about small caps Russell 2000, in which from Elliott wave perspective, we see a completed 7-swing complex correction from the highs.
Russell 2000 topped and completed its 5th wave of a five-wave bullish impulse already back in November 2021. Since then we can see slow, choppy and overlapped wave structure that we see it as a correction within uptrend. It's ideally a complex 7-swing A-B-C-X-A-B-C, called also a double three W-X-Y corrective pattern.
A Double three is a sideways combination of two corrective patterns. It's a complex Elliott wave that is subdivided into three minor waves W, X and Y. Its internal structure is (3, 3, 3). In effect, the number three relates to corrective waves, therefore the structure (3, 3, 3) indicates that the WXY wave pattern is composed of three distinctive corrective waves.
• A combination of two corrective structures labelled as WXY
• Wave W and wave Y subdivision can be zigzag , flat, double three of smaller degree, or triple three of smaller degree
• Wave X can be any corrective structure
Well, if we are on the right path and if Russell manages to recover back above 1920 region and resistance line of a corrective channel in current risk-on sentiment, then we can easily confirm support in place and bulls back in the game.
All the best!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
US2000 has more room to fall !!RUSS2000
Intraday
We look to Sell at 1699 (stop at 1714)
We look for a temporary move higher. Risk/Reward would be poor to call a sell from current levels. The bias is still for lower levels and we look for any gains to be limited. Previous resistance located at 1700. Expect trading to remain mixed and volatile.
Our profit targets will be 1645 and 1605
Resistance: 1700 / 1750 / 1945
Support: 1640 / 1470 / 1200
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Russell 2000 Bear Trend
Well.
1) Macro bullish symmetrical triangle fakeout leading to top signal.
2) Low volume on bullish break, High volume on reversal confirming fakeout.
3) Omicron Variant market reaction =~= Covid-19 market reaction
See SPY fakeout before March 2020 Covid-19 crash. (right)
Lastly, see bearish divergence between index and % of stocks above 200 ma (orange).
$BABA china fights to boost economic growth 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team purchased shares of Chinese online and mobile commerce company Alibaba $BABA at $88 per share. Our take profit is $118, which is a 34% increase from current levels.
The Chinese economy is desperately in need of a boost. A cut on lending rates is expected to be announced tomorrow. This will boost credit demand and take some weight off of the economic slowdown due to COVID-19 interference.
Good luck to all!
Our Entry: $88
Take Profit: $118
If you want to see more, please like and follow us @SimplyShowMeTheMoney
6/1/22 IWMiShares Russell 2000 ETF ( AMEX:IWM )
Sector: Miscellaneous (Investment Trusts.Mutual Funds)
Market Capitalization: $$--
Current Price: $184.26
Breakout price: $187.85
Buy Zone (Top/Bottom Range): $183.95-$168.15
Price Target: $189.60-$204.00 (1st), $249.20-$278.80 (2nd)
Estimated Duration to Target: 172-180d, 412-422d
Contract of Interest: $IWM 12/16/22 200c, $IWM 6/16/23 210c
Trade price as of publish date: $7.86/contract, $9.41/contract
Daily US Volatility Forecast 23 May 22 SPY,SPX, QQQ, NDX, IWMSPX/ES/SPY 25 May 2022
The current expected volatility movement for today, with around 85% chance, is that is going be below 1.85%
In this case the channel for this asset is going to be:
TOP ~4025
BOT ~3875
For SPY, you can take the current opening price of the asset and to make the top/bot you should add or rest 7.2 points
Lets imagine the price will open on 394
TOP 394 + 7.2
BOT 394 - 7.2
For today, in terms of fundamental news that can affect this asset price, we have :
FOMC meeting
Lastly, we can see that the point of concentration of the volume is around 3950
Having said that I believe that you can either short once the price arrives around the top part of the channel and rebounce.
Or you can go long once the price arrives around the bot part of the channel and rebounce.
In that case you can use the POC from volume as a TP point and below the top/bottom line the SL
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NDX/NQ/QQQ 25 May 2022
The current expected volatility movement for today, with around 85% chance, is that is going be below 2.2%
In this case the channel for this asset is going to be:
TOP ~12070
BOT ~11550
For QQQ, you can take the current opening price of the asset and to make the top/bot you should add or rest 6.7 points
Lets imagine the price will open on 288
TOP 288 + 6.7
BOT 288 - 6.7
For today, in terms of fundamental news that can affect this asset price, we have :
FOMC meeting
Lastly, we can see that the point of concentration of the volume is around 11800
Having said that I believe that you can either short once the price arrives around the top part of the channel and rebounce.
Or you can go long once the price arrives around the bot part of the channel and rebounce.
In that case you can use the POC from volume as a TP point and below the top/bottom line the SL
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Russel 2000 25 May 2022
The current expected volatility movement for today, with around 80% chance, is that is going be below 2.22%
In this case the channel for this asset is going to be:
TOP ~180
BOT ~171
For today, in terms of fundamental news that can affect this asset price, we have :
FOMC meeting
Having said that I believe that you can either short once the price arrives around the top part of the channel and rebounce.
Or you can go long once the price arrives around the bot part of the channel and rebounce.
In that case you can use the POC from volume as a TP point and below the top/bottom line the SL
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US Market Sentiment - Risk ModelThe Ukraine war, ongoing lockdowns in China and associated disruption of global supply chains as well as upcoming inflation are key reasons for the high risk in the current market.
Swing-Traders should act with highest caution and be mostly in cash for quite some time now.
All technical indicators in our risk model are showing high risk, the overall risk rating is very high.
At one point, we will reach the bottom of this significant market correction. It is worthwhile looking at some of the contrarian market indicators:
- bulls vs bears: the current market sentiment is very bearish, with the bears at 43% and the bulls at 28%. We have seen the biggest opportunities in markets which have been characterized like that.
- Margin debt turned negative. We have seen that for the last time in 2020 during the Covid-correction.
Swing-Traders should never trade using these contrarian indicator only but it is worthwhile continuing to look for stock setups and low risk entry points. Either start with paper trading or open a few very small pilot trades. Once you see soe traction in your open trades, you see the risk model improving again and you see the number of stock setups increasing - then it is time to increase risk and exposure.
Until that happens, risk needs to be managed very tightly, stay disciplined!
Our updated watchlist shows only a very few stocks which could be tradable at the moment:
www.tradingview.com
All stocks on our watchlist meet the criteria of Minervini's Trend Template.
A long-overdue small-cap reboundThe small-cap Russell 2000 Index has been the underdog among the four major US indices since last year. Its post-pandemic rally halted in early 2021, and subsequently, it went sideways for more than a year without making new highs. Meanwhile, the tech darlings continued to go north all the way until the beginning of this year.
The first half of 2022 has been marked by widespread risk-off sentiment and a precipitous drop in the US equity market. After being down almost 30% from the high, we now find the Russell 2000 Index at significant technical support levels that we believe a meaningful rebound will likely ensue.
The Index has bounced right at the 50% Fibonacci retracement level near 1700. We also observed bullish RSI Divergence where price made lower lows, but RSI showed higher lows, suggesting the bearish momentum is waning and at the cusp of a reversal.
Entry at 1806, stop above 1680. Targets are 1880 and 2100.
Disclaimer:
The contents in this idea are intended for information purposes only and do not constitute investment recommendations or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
RWM Russell 2000 Short. Is The US market crash coming ? Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people generally refer to as a “crash” 2022 a new one ?
Sincereley L.E.D In Spain 14/05/2022
Russell 2000 - US Economy in Trouble, 50% Shorting Opportunity?Although big indices like S&P500 and Nasdaq, favouring large cap companies, have still got potential to update historic highs - what is small caps index Russell 2000 telling us?
It has already dropped by 30%, is there more downside and is it indicating that real US economy already in trouble?
Technical Analysis (Elliott Waves):
Looking at weekly timeframe it is visible that sharp drop in March 2020 has completed fourth wave of an impulse that has been developing since the great financial crisis of 2008
The proposed scenario suggests that the 5th wave has culminated in November 2021 and since then the next global correction has started which is likely to last even longer than the previous one that stretched from 1998 to 2009 - it's shocking to think of a correction for 11 years or longer
The most interesting opportunity however, is the potential development of an Expanding Triangle which may have been formed with A-B-C-D waves already
And given that there was an optimistic bounce on Friday 13th May in all the markets, there is a potential move for Russell 2000 towards $2140 to complete this triangle
In this case the next move to the downside may have a great opportunity with nearly 50% for shorting the index and expect the target in the range between $1000 and $1300 which represent 0.618x and 0.5x Fibonacci retracement levels of the global wave 3
What do you think about this idea and US economy as a whole?
Please share your thoughts in the comments and like this idea if you agree wit it.
Also let me know if you would like to see other stocks, indices or Forex pairs analysed using Elliott Waves.
Thanks
BTC megaphone Elliot impulseHere we are ladies and gents the pattern we have been waiting for and for me personally what i think will be the decoupling of traditional risk assets and this good chunk of software.
I've been watching for anything that can come out of the wood works and i think we have found our area of capitulation. BTC hit the 50 EMA monthly and bounced right off that like a rubber band.
similar to what happened in 2020 and 2018.
Elliot impulse waves also seem to be at play.
i was looking for a decline to around the 23k to 25k area and it hit. theres a lot of things right now that is playing an effect on this though what i think could be the worst thing for the economy is higher asset prices and looks like we are going to get that both traditionally and non.
exciting times to be around.
That's all folks.