Us2000
Russell 2000 to Lead US Equities Lower?We have what appears to be a reversal pattern here with the Russell 2000. You can call it a head and shoulders although not textbook. Again it shows a shift in trend from higher lows to now lower highs.
The neckline has been broken, and I am using the 1575.80 area as my lower high swing.
Lot of debate on what leads, the mid caps or large caps. In my experience, I have seen money flow into the mid caps first before the large caps. Again, this is just a trade to the zone I have depicted below. Like the set up and confluences we have here. Also, if more recession signs appear then the Russell will take a hit as well.
US2000 Downtrend ContinuationPrice action analysis identified US2000 downtrend continuation and short opportunity. Reversal pin bar trigger, confluence with; weekly downtrend, rejection of falling channel resistance, rejection of 50 WMA, rejection of previous horizontal support/resistance and rejection of 38% fib. Trade subject to price rising into sell limit pending order.
US30 LONGAnalysis team placed long on US30 @26011 with 2 targets on 27th August, 2019:
TP1 @26273.315
TP2 @26622.550
NASDAQ SELL STOP ACTIVATEDAnalysis team set a sell stop on NASDAQ @7802.70 with 2 targets:
TP1 @7598
TP2 @7432.3
US2000 LONGREPOSTED THIS IDEA AS IT WAS HIDDEN BY MODERATORS AS WE VIOLATING THE TRADINGVIEW GUIDELINES WHICH WE REGRET
Analysis team bought US2000 at 1512, with the target 1608.7
Back me and back to channelI haven't published anything since I took a loss 2 weeks all due to failing to see the small rebound as a breather for bear.
I did trade last week, mainly on the short side, one long on COST(which obviously failed almost immediately, this is good since it made me close fast) and shorts on HUM, KEYS, etc.
Now we are here with this big drops only problem is that Russell might want to lag this short, still last week tried to lag and drop continued good, so this might set to continue.
I also had this short channel from the beginning of the year which might be helpful now.
anchoring Right now using some nasdaq stocks but pretty small positions. RTY seems to keep holding us..well see by the close
Day Trading $US2000 - +3.50 -> Hot momentum!If only every single trading day was like this one.
15 minutes in and I was able to call it a day. A very nice follow through right as I entered the trade, the market never looked in the opposite direction.
The thing I have to improve on is when I'm scaling out to maybe leave the last portion run a little more instead of setting a "hard target".
Hope you enjoy the video!
**NOTE THAT THESE TRADES HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
us2000 baseSo no more position opening for now, at least we break either side of this box, currently holding 78 fib. Currents positions will close themselves if stop. Shorts still open.
cup and handle DOWseems like dow has found bottom
bullish char t pattern
plus abc done
4h target is 26162
