If you haven’t seen my RUT 2000 prediction for 2024: Now you need to know that as the Federal Reserve’s rate cut decision looms, speculation is rising that we may see a larger-than-expected 50 basis point cut instead of the anticipated 25. While rate cuts are typically a positive for equities, this aggressive move could lead to a short-term selloff, particularly...
Theory is we have another leg higher to IWM here before we submit to the C wave on the very HTF cycle wave 4. I suspect this will be an expanding flat and wave B will hit close to $260-$300 before wave C runs all the wave back down to $110 finishing the 4th. Then we start the HTF wave 5 to $450-$600 per share
AMEX:IWM Resistance Levels: There is a significant resistance level at around 224.02. The price needs to close above this level to confirm a breakout. Another resistance level is at approximately 233.64. Support Levels: The immediate support level is the trendline, which has been acting as a resistance until now. This trendline is likely to act as a...
If you haven`t bought the RUT 2K regional Double Bottom here: On Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing "a steady deterioration in standards of governance." This downgrade occurred following last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which put the nation at...
If you haven`t bought the Double Bottom on RUT 2K: Then you probably know that small caps haven`t participated in the 2023 market rally. That`s why I believe investors will will for opportunities in the small cap stocks in 2024, and Russell 2000 index might offer a bigger return than the S&P this year. My price prediction for RUT 2K is $2560 by the end of the year.
After the last RUT Russell 2000 Price Target was Perfectly reached: Now you need to know that many of the Russell 2K companies will be impacted by the SIVB collapse. Roughly 50% of the US venture capital-funded startups are clients of SVB , potentially putting 65,000 startups at risk of payroll disruptions. Such a situation could have significant consequences...
U.S. stocks tend to rise during the Santa Claus rally period. The Santa Rally is considered the last five trading sessions of the year and first two of the new year. Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%. My price target for RUT Russell 2000 is $1860. Looking forward to read your...
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend. RUT Russell 2000 is oversold at the pre-covid level right now on a double bottom chart pattern. My price target is $1805. Looking forward to read your opinion about it.
US2000USD0 - Intraday - We look to Sell at 1860 (stop at 1895) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
Russell 2k $RTY1! broke below the 200 EMA on weekly and failed to regain 1800 as support. As the canary in the coal mine, the Russell 2000 comprises of the 2000 smallest stocks of the Russell 3000 (broad capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S stock market) and provides a solid bellwether for forward facing...
The Russell 2k tends to be a solid indicator of broader market movement. While we have realized a correction of ~33%, given the broader macro headwinds... this is not nearly the level expected relative to past major corrections (dot.com & housing market). Given the past major corrections of 47% and 60%, not including the global pandemic shutdown it's apparent...
let's keep some eyes on this Russell 2000 ($IWM) 190 zone this week to see if prior support holds up.
Russell 2000 is showing strong support at the $1940 area. I think that RUT is a support and resistance play from here, the first target being the $2130 Resistance. Looking forward to read your opinion about it.
RUT Russell 2000 bounced from the strong support of $1940 and is heading to the $2180 resistance. I also think we might see the end of the war soon. Russia says the first phase of its “military operation” in Ukraine is mostly complete. Looking forward to read your opinion about it.
In this update we review the price action in the Russell 2000 and identify the next high probability trading opportunities and price objectives.
The Russell 2000 index lost all its gains from 2021 and is now at the pick of December 2020. I expect 2022 to be the year of this index, that has a lot of undervalued gems, like 2021 was they year of the Big Tech with high multiples. Looking forward to read your opinion about it.
The Santa Rally is set to start on Monday, Dec. 27. This period gave positive return for the S&P 500 78.9% of the time. Since 1950, the average return of the Santa rally was 1.33%. How do you think this will be reflected in the Russell2000 index? The reasons could be optimism over the new year ahead or holiday spending.
Bull trap on 5th Nov and trade below its previous resistance at 2340 again. Continue sideway. Waiting for a clear breakout to trade Bias on downside unless January effect come early