US-MARKET CORRECTION NEARLY COMPLETEDuring CORRECTIONS I find it useful to create a CHART, where YOU can watch ALL the INDICES at once.
This is my PERSONAL trading CHART, with no further educational explanations.
IF you get it, YOU GET IT, if you don't, YOU DON'T. I really don't care.
We use ELLIOTT WAVE theory to determine WHAT we are looking for, (i.e. TOP or BOTTOM). THEN technical MULTI-TIME-FRAME Indicator analysis
To fine-tune the expected move in terms of PRICE and TIMING. Enter and exit TRADES in steps ... NEVER go all-in or all-out at ONCE.
Russell2000
What might happen to the market in coming weeks/monthsThis is my favorite analysis
I give my qualified bid here on how NASDAQ and the market are going to evolve.
the graph is very similar to the financial crisis and makes exactly the same pattern, on top, bottom, RSI and MACD.
10-y bond have fallen and as I wrote in my other analysis, bonds will return to 0.95 and up again to 1.5. it's making a cup and handle now.
Follow the dates on the 1,2,3,4,5 wave and compare it with 10-y bond, and financial crisis(15. march 2011 to 17. june 2011).
Trading scenarios for $RUT for 01-05 March 2021Trend:
Daily/Weekly/Monthly: Down/Mixed/Mixed
#RUT continues to be strongest of the 3 US indices, but Friday was disappointing.
3 possible scenarios:
1) Break of 2163, target 2097 and further 2044
2) As long as 2163 holds, look for longs, targeting 2289, which is a strong R. If we break this R, look for ATH at 2375.
3) 2163 holds and we target 2289. Rejection off 2289, for a move back to 2196.
IMO, scenario 3 is most likely.
Russel small cap 2000 short ideaRussel small cap 2000 moving upside in a paralell channel and now the price arrived to the Channel upper line at 2300 usd. I think it will go down to previously support/resistance at ~2200.
Trade at your own risk.
If you like my idea, dont forget to leave a comment, follow, and like.
IWM: EW Forecasting Posting this publicly as part of an ongoing challenge to myself to improve in forecasting using Elliot Wave principles in conjunction with some other tools I've picked up along the way. These are not trading ideas - just having a little fun with charting how I see some interesting moves playing out
ES - S&P and Russel futures experiencing pressure by 10 year YDespite the really bearish technicals on both S&P and Russel 2000 as well as many considering those indexes highly overvalued — there more than 1T sitting in Treasury being ready to go into the financial economy.
We can assume that support lines will hold the bearish pressure to some extent.
As well we can assume that the 2020 asset crisis will not repeat due to the full support of central banks on markets to function with the least volatility possible.
Patterns can evolve into next week, but be aware not to overhold short positions.
RTY - Russell2000 main s/r zones analysisHello traders,
Description of the analysis:
E-MINI RUSSELL 2000 INDEX FUTURES ( RTY ) support zones ideal for timing long positions (gray). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume .
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPX index. Biggest part of my current bussiness activity comes from e-mini futures (NQ, ES, RTY). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
Markets enter the consolidation phase: Russell2000 still bullishI perceive Russell2000 as being in a still bullish phase, however, it might need more time to settle. Today we might see mild pressure to the upside with light volume. Remember, today is a short day for CME. US Stock exchanges are closed.
Another short term hedge opportunity #stocks After the huge run in the Russell I am using the index futures to hedge against long equity exposure in the portfolio. I am not bearish on the market on an intermediate term (weekly) basis but in the short term I think its a prudent time to protect against any potential volatility spike or profit taking in the market especially going into a long weekend. My stop will be above yesterdays high and if the hedge works, price should be heading back into the range (rectangle) from last week
Russell 2000 Index, Weekly Daily Chart Analysis For Jan 4, 2021Technical Analysis and Outlook
The small-cap Russell 2000 was the big star this week with a decent 5.9% gain. The index on its way to Key Res $2,112 , and our Inner Index Rally $2,140 respectively, also, Outer Index Rally $2,180. The short term downside support is tapped at Mean Sup $1,950 providing an excellent ball out buying opportunity. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For January 4, 2021" at the usual site.
How much more of a spread can there be?Since the lows in March the Russell 2000 index has out preformed the SP500 by almost 40%! It is even up over 20% from the range highs in October. It has been a truly historic run but is now a good time to hedge or take profits? We are long equities broadly but have been hedging into the new year to preserve gains. You can never lose by protecting yourself. The Russell might be the best instrument to use give its huge outperformance. Yes financials and other key sectors in the index have been strong and yes their strength may continue but nothing moves in a straight line forever.
IWM Bullish LongIWM is an Exchange Traded Fund (ETF) which follows the Russell 2000 Small Cap Stock Index. I purchased call options (just regular, no spread) Strike 200 expiring Jan 2022 because I belive IWM has shown consistent bull market uptrend since November, and consistently uses the 10 Day Exponential Moving Average (EMA) as Support. IWM has shown better consistency, in my opinion, than SPY (ETF following S&P 500), and while QQQ (ETF that follows the Nasdaq 100 index) has outperformed most other major indexes in the past few years, IWM's lower prices made it more attractive to me. The growth may be slower than some other indexes; but as my first trading teacher stated, "You don't go broke making money." This may be a boring strategy, but I believe it will still be a profitable one. My stop loss plan is set below the 20 Day EMA. The yellow dotted line is the approximate price per share of stock when I purchased my calls earlier today.
I am not certified or licensed by any individual or institution to give financial or investment advice. I consider myself to be an amateur investor and trader.