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RUT End Of Week Evaluation*** Comments prior to evaluation summary *** Trade carefully this week. The Stochastic on multiple time frames 98 or greater. While yes there is room for upward movement, this generally indicates possibility of a stall or trend change. Trend Analysis: The current trend is defined by the last price and it's relationship to specific moving averages. Check the MA strategy for more specific suggestions. Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions Price Action: Weekly: The average price range currently is 79.88 points/ticks/pips. Prices are currently 4.28x the normal trading range. Prices are equvialent to 4 or more days away from the trend average. Prices can suddenly stall and move sideways while awaiting the averges or transition directions suddenly. Prices have broken through the high value of the consolidaiton range. Standard Deviation Weekly: Standard deviation suggests a range from 1914.02 to 2269.28 for the following week. Calculated Price Strength: The strength of the trend in conjunction with specific averages. News announcements can change the strength and directional attitude. Weekly: Trend strength suggests trading between a range of 2091.66 to 2202.05 for the following week. Price Projection: The price action has generated a projection signal for the underlying. Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 2141.02 If strength and attitude continue, it could take between 5 to 10 trade periods (weeks) to reach the projection. Indicators Summary. A collection of technical indicators whose directional attitude has been summarized. Weekly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral The CCI indicator trading strategy suggest the following: Weekly: Very strongly bullish - long entries. Confirmation Signal 6 indicators combined to confirm entry/exit. Weekly Bullish - Open directional trades
TVC:RUT
by priceprophet
The Crash was anticipatable !!One of the beautiful theories that I've learned and I want to share is the Dow theory Non-Confirmation . Using specific pairs of indexes and reading them in comparison , as a technician that uses momentum oscillators I like to see disproportions and divergences and if we apply what we know to this study we'll find that the Dow Theory Non-Confirmation is all about this logic , we see in this pair of RUSSEL 2000 and S&P 500 that a non confirmation happened just before the crash and happened after it , it's a divergence between tops and bottoms . While the S&P 500 succeeded to create a new high the RUSSELL 2000 shows us a Lower high and an exhaustion this could be a great signal for those who like to short the market or for buyers to keep an eye on their positions . For the second one that happened just after the crash you'd see that the market continued his trend to create historical highs but it was also an opportunity for Investors and Traders ! . What differentiates them ? . Here a technician can make good of his knowledge and create a complete setup , for me using just classic resistance and support approach we see clearly that while in the first non confirmation case we got a Support broken at RUSSELL 2000 exactly the same time market has just broken an UPtrendline in S&P500 which is a bearish Confirmation for the figure and a complete setup , Other technicians can find other premature signals that's the beauty of technical analysis . So what about the second non-confirmation setup ? we have exactly the inverse situation we got market that find support on an old high of the RUSSELL 2000 and the S&P500 also on his uptrendline , it was a complete setup to Go long . I suppose that I didn't give something new for some experienced Traders but it could be useful for other , for me I see Beauty .
TVC:RUTEducation
by mindvest
3
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.
TVC:RUT
by TradingSig
3