Russell2000
RUT
I told you 🧘🏻
also fake breakdown and recover the range, is a positive signal, 2150-2200 the best zone for bought it in the SHORT TERM, be careful!
Fear of COVID in the market or ..?Since July 5th, 2021, there is a change in the pattern of new Confirmed covid cases in the US, because of the delta variant.
From a statistical point of view, there is a significant negative correlation between the Nasdaq composite and the number of covid cases in the US, in the past month.
The difference is :
49% of the population are fully vaccinated and 56% received at least one dose!
However, we can not deny the fact that could be a trigger for a correction in the markets!
Dangerous Situation in small caps!Hourly Chart: Top Swing
Daily Chart: Right at the support level. (possible price action for few days)
Weekly Chart: close at the lowest level since February
Monthly Chart: -6.38% since the beginning of July, the Worst performance since March 2020..!
Conclusion: This correction could slip to a bearish market..! Risk is high..!
Russell 2000: Bottom is in. Resting on two key supports.IWM is sitting at the confluence of a 6-month support trend line and a 16-month support trend line. Daily RSI is at its lowest level since March 24, just one day after the stock market bottomed following the corona virus crash. Primed for a bounce.
Why Small caps are at higher Risk!history tends to repeat itself..! and what has happened in the past has a higher chance of happing in the future!
March 2009 - Sep 2011:
Oct 2011- Jan 2016:
Feb 2016 - Dec2018
I will wait for the reaction to the trend line! closure below the trend line could bring a 20% further correction!
SPX & S&P 600 & RUSSEL 2000,which is a leading indicator "2.0"Indexes "Band of Brothers Edition 2.0 " Decoding the relation!!!
(No copyrights here feel free to redistribute and spread the knowledge)
In a nutshell, divergences between small caps and SP500 index has a kind of
leading volatility relation " Heads up" kind of a signal !!!
*** When you see minus " -.59 / -.62 " Divergence's reading between SPX & SLY
You need to be out of the market period.
*** When you see minus " -.48/ -.65 " on RUSSELL 2000'S INDEX you need to be out
of the market period.
*** SPX 600 has 10 signals Vs. 7 for RUSSEL. ( 3 more signals for SP600)
***SPX 600 has 4 lagging signals VS. 6 for RUSSEL 2000. ( 2 less lagging signals)
*** SPX 600 has a Median of 36 days Vs. 57 for RUSSEL 2000. ( SP600 better Median)
*** ETFs are slightly better than indexes in the sense that they are more "SENSETIVE.
-----------------------------------------DATA-------------------------------------------------------------------
Lagging Lagging # SINGNALS # SINGNALS MED.RUS Med.SPX russel spx 600
6 4 6 10 57 36.5 62 2 Percentage SPX'S DAYS FOR A PULLBACK RUSSELL 2000 SPX'S DAYS FOR A PULLBACK S&P SMALL CAP 600
61 36 10% Laggeing by 3 days 2 Days heads up
36 13 35% NO SIGNAL !!! 36 days before Covid 19
57 91 20% Double signals 62 days & 8 days 13 days
28 37 12% 61 days Triple signals: 91 days & 81 days & 38 days
48 35 3% Lagging by 1 day NO SIGNAL
91 28 3% Lagging by 9 days Lagging by 8 days
67 3% NO SIGNAL !!! 37 Days
61 5% Lagging by 7 days Lagging by 7 days
91 13% 36 Days 35 days
4%+10% 1 day + 57 days from double pullback NO SIGNAL
2% Lagging 1 day Lagging 1 day
11% 28 days 28 days
21% NO SIGNAL !!! 67 days
6% 48 days 61 days
SLY STOPPED HERE 8% 91 days 91 days
IJR USED HERE INSTEAD 31% Lagging during a crash 35 day lagging during a crash 35 day
During a crsh NO SIGNAL
During a crash During a crash
S&P500 - About time for a proper retracement??Am just looking at my panel of leading indicators, and besides the S&P500 ES1! daily chart looking a bit stalled with MACD turning down, the Russell2000, DJ Transports and Value Geometric Index are already leading down. Key levels to breakdown are in red circles.
Some others like the High Yield Bonds and TIPS are still holding; while the Treasury Bonds are being snapped up (Risk Off mode)
Volatility is low, waiting for a breakout.
Looks like a storm is brewing...
Fasten your seat belt..!If you have invested in small caps heavily, please fasten your seat belt (tighten your stop loss).
Small caps decreasing their altitude to land, but where is the nearest airport (support)?
IWM swing$227 call 7-23 expiration price target $235. Tomorrow MACD should cross everything else is already setup for perfection. Once MACD crosses and stays above signal for 30min-1hr I’ll be grabbing it uo
RUSSEL 2000 - Bullish formationI´m bullish for the small caps:) The market reached a logical target in the corrective movement. Now i´m looking forward to a bullish impulse to the upside. The scenario remains intact for the time being as long as the market stays above 2214.3. Below that level would be a bearish invalidation. As long as the market remains within this sideways range, everything is fine. Wave 2 would have even more room to correct. So my thesis is that the small caps are starting a small rally once again. That would also correlate with my general assessment of the market.
RUT
looking for entries!, Russel had a little correction, remember, long term is bullish!, also still sideways
IWM and the entire small caps ready to go up!After many weeks and couple of months of not participating in the markets rise.
RUSSEL 2000 - Bullish summer rally for the small caps? I´m bullish for the small caps:) The market reached a logical target in the corrective movement. Now i´m looking forward to a bullish impulse to the upside. The scenario remains intact for the time being as long as the market stays above 2214.3. Below that level would be a bearish invalidation. As long as the market remains within this sideways range, everything is fine. Wave 2 would have even more room to correct. So my thesis is that the small caps are starting a small rally once again. That would also correlate with my general assessment of the market.
Continuing or Reversal pattern that is the question?This pattern shows small caps experiencing a complex correction.
Best plan could be hold and wait for reaction to support level.
Early sign of correction..!Nasdaq 100: Dark cloud cover= correction
S&P 500 and Dow Jones : Bearish engulfing = Correction will be most probable scenario
Russell 2000: Bearish kickers = Correction will be most probable scenario
Overall correction is the most probable scenario!
Small Caps, #russel2000 index - #US #stocksIs this poised to break out to new all-time highs
a major move is imminent
probabilities should be up
RUT Motive Impulsive Response to May 18th Triangle completion Look to place some +ve Delta Butterflies on RUT or Bullish verticals to capitalize on this move
#IWM US Small cap stocks rolling over?Third test of resistance and failure to rise to new highs on the Russel 2000.. Possible that we see a retest of the bottom of this channel..
