Russell2000
RUT - breakout is finally hereRUT russell 2000 is at a new 52 week high
breaking above very hard resistance and consolidating above 1600
retested area which acted as support and now breaking to new highs
looking at the S&P as comparison RUT is lagging and looks like running in the next few weeks
Humpty Dumpty had a great fall.Its here.. Look at the chart. Its pretty self explanatory...
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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.
Russel 2k Long BreakoutIdea is to go long the Russel 2000 on further strength. Resistance has been tested multiple times with a consolidation (bullflag) near the upper range boundary. 4hr candle close has to be above recent high to enter longs.
Russell 2000 Price Forecast- All Time Highs?With new all time highs for everyone else, The Russell feels left out. If this beast gets too emotional, and wants to join in, I believe this is how it would look : )
- This is not financial advice. For Artistic purposes only.
E-MINI RUSSELL 2000 INDEX : LONGThe Russell index is a SME-oriented index that mostly addresses the American domestic market.
This index should generally show parallel movements with the Dow Transportation index.
In this respect, we received a good confirmation.
Determine the position size in small amounts.
For this analysis:
STOPLOSS : 1542.5
GOAL : 1743.5
RISK REWARD RATIO : 1/3
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!
$US2000 $Russell2000 Triggered ShortBusted high sloped pitchfork rail. $SPY $VXX $IWM $QQQ $AAPL $MMM
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
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S&P 100 versus all the rest S&P 500 and also Russell 2000S&P 100 versus all the rest S&P 500 and also Russell 2000... Note that in the previous cycle 2003-2007 was a value cycle so the S&P 100 big cap names were underperform the broad market, growth cycles are mostly a concentrated big cap names phenomenon.
RUSSELL 2000 (RUT) BEARISH SIGNAL SMAsThis index just trigered a triple death cross signal (10 SMA under 50 SMA under 200 SMA). The triple cross has happened at the same time (very unusual).
Wait and see with a bearish bias until proven wrong. To be noted that the Russell 2000 index usually warns ahead of troubles in the big cap indexes.
Russel ShortA nice short term level to short the russel on.
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US Small Caps with a nice Chance to Risk play on the short sideI am expecting that a bigger 5 wave move to the upside has been finished in the US Small Cap Index. Therefore we should see a corrective ABC move to the downside with the C wave still to come. This setup is valid as long as we don't make any new ATH, should we move over the 76.4% retracement this setup already becomes questionable, however at the moment it looks well intact.
ISM Manufacturing index contractionDrop below 50 = economic contraction. What's concerning is market has been making all-time highs while ISM has been going down. I interpret that as a fundamental problem and as a friend once told me, "Fundamentals are king...eventually".
