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Russell2000

IWM Volume TrendVolume spike very likely soon! Trend has been:VOLUME UP=PRICES DOWN. Watch for initial divergence where IWM could spike before correction. Eyes on that volume! This is not necessarily a good place to go long on IWM but it certainly could make a strong move up before any correction. I am positioned mostly short on market but I've had a small "long" hedge in IWM call options. Small caps have been lagging behind market oddly- I cannot discern if this is a red flag warning to the entire market or small caps are about to catch up. The volume certainly tells a story worth reading and the the 36,000ft view tells me be very careful up here- market pressing upward with major decrease in volume is a recipe for a major PIVOT down.
AMEX:IWM
by gghsusa
SPX OVernight Top in Place? Lower before Higher; Correction Inc!Chart says all. Been shorting too soon as usual, but the 7-wave Triple combo is a rare and confusing pattern. Overnight ES futurez tapped the intersection of long-term TL and near-term TL in this wedge; they converged at 3056. China says they were just kidding and wont get serious with the Great Donald, such a big surprise! Expect to fill the gaps from past weeks, get support around 295 on SPY and bulls may try again for the 9th wave. A real Bearish Correction can start anytime; but seasonally Feb-March would be a likely scenario with trade and election worries looming. On Wednesday 60% of trading was selling, only 40% buying to reach new ATH; RUT and DJT diverged, Transports just got killed; these are leading indicators. Broader market is not in step with the indexes, which advance on progressively smaller volume and fewer issues with each successive bull wave. VIX is sub-13 again and in a compressing wedge, expect a big pop in volatility very soon! Play the VIX with UVXY calls if you dare! This is an idea and does not in any way constitute investment advice- trade at your own risk! GLTA!
CME_MINI:ESZ2019Short
by DaddySawbucks
37
RUSSELL 2000 - More Overvalued than During 2000? - #ValueCyclesThat's right, more overvalued than during year 2k and the subsequent tech wreck that ensued. How? Simple, measure the RUT against something that is not transient, i.e. in this case silver. Frustrated with the back and forth of the market during late 2018-2019? Not if you were measuring assets correctly, for those with the forethought to do so, they are sitting on a healthy 30%+ gain since August, with plenty of upside remaining. Buy and Hold is dead, get smart or go broke. #ValueCycles Subscribe for more, like, comment and share this with a friend who is stuck in stocks...
TVC:RUTShort
by Profit_Link
RUT update for week ending 27 September 2019Weekly Data Summary Suggests: Current Weekly Trend is Bearish The anticipated upcoming trade range is between 1485.51 - 1555.43 If RUT is capable of maintaining the current strength as of today, there is a projected weekly target price of 1653.52 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current weekly reading of: Neutral Bull The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull The strength demonstrated over the last 5 weeks is currently: Bearish Price Consolidation has formed between: 1506.77 - 1590.5 Current chart score suggests a Bullish Market is present. Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 1506.64 - 1534.32 If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of 1543.02 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bear The RSI that monitors bearish strength has a current daily reading of: Neutral Bear The strength demonstrated over the last 5 days is currently: Bearish Prices have broken through the consolidation low Current chart score suggests a Bearish Market is present. Comments: Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day). ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUT
by priceprophet
1
RUT update for 25 September 2019Daily Data Summary Suggests: Current Daily Trend is Bullish The anticipated upcoming trade range is between 1536.28 - 1565.02 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bull The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has re-established itself between: 1530.33 - 1590.5 Current chart score suggests a Bearish Market is present. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUT
by priceprophet
RUT update for 24 September 2019Daily Data Summary Suggests: Current Daily Trend is Bull The anticipated upcoming trade range is between 1519.45896 - 1547.72104 If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of Price movement has slowed below the average trade range and are suggesting either a stall for averages to catch the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bull The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bearish Prices have broken through the consolidation low The price relationship to the moving averages currently suggest closing longs and protecting profit. Current chart score suggests a Bearish Market is present. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUTShort
by priceprophet
RUT Update for 23 September 2019 Daily for 23 September 2019 In Bull territory. Price Projection: HMA: Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: 5 day relative strength appears Bearish Consolidation: In Consolidation between 1541.88 - 1590.5 Price-Trend: .81x ATR Comments: Time to take profit? The prices have closed under the 8MA, usually a sign of profit taking. Prices are caught in consolidation. Neutrality has entered into the indicators and the 5 day RSI is bearish. Might be time to lock in some profits. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:RUT
by priceprophet
RUT Update for week ending 20 September 2019Week update for week ending 20 September 2019 In Bull territory. Projected range for upcoming week 1594.72 - 1524.82 Price Projection: HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: 5 day relative strength appears Bullish Consolidation: In Consolidation between 1506.77 - 1590.5 Price-Trend: .56x ATR Daily for 20 September 2019 In Bull territory. Price Projection: 1549.42 HMA: Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: 5 day relative strength appears Bullish Consolidation: In Consolidation between 1541.88 - 1590.5 Price-Trend: .94x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:RUT
by priceprophet