US2000USD/RUSS ANALYSISHello Traders
Here is my view on US2000USD . Price might find support at 2016 low, if this support hold i will be monitoring price action on W1-H4.
RTY trade ideas
RUT Update 18 March 2020Quick Update
With Trend Price Target: 840.85
Counter Trend Price Target: 904.35
STD DEV: 784 - 1197
Why a counter trend price target? What does that mean?
28 Feb, 2 Mar, 4 Mar, 6 Mar, 10 Mar, 13 Mar, 17 Mar, 18 Mar the major indexes closed the day in the upper half of their bar/candle. This is a counter trend signal.
Generally, the price action will move to respond to this counter trend movement as a continuation from the day before. Then resume the direction of the trend.
Or if the trend is over, it will created an area of consolidation and trade there until it gains enough strength back to either continue the move with the original trend. Break the trend and reverse direction.
What does this mean for us today? Now?
We are in a black swan event as it is being called. A once in 100 years pandemic.
Self-Quarantine populations and work-force. Borders, non-essential stores, restaurants, and pubs are closed.
This generates interruptions to sales/product creation/supply lines.
However, the market has been pumping its breaks in free fall. It is doing that Tom Cruise panic grab at the side of the cliff and hanging by fingers. The dates listed above are days the indexes have been pumping the breaks.
We just might find uneasy footing on a small ledge soon.
RUT update for 16 March 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 957.21 - 1037.41
Prices have broken through the consolidation low
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 929.30
The prices have moved 6.345 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Volatility has broadened the STD DEV values. The daily ATR is now averaging 61 points a day during the last 21 days.
STD DEV for March 17: 860 - 1214
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for week ending 13 March 2020Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1168.76 - 1240.48
Prices have broken through the consolidation low
If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 944.18
Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral
The prices have moved 6.0 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1139.85 - 1210.14
Price Consolidation has formed between: 1109.39 - 1253.87
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1248.62
The prices have moved 4.56 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Volatility has caused the STD DEV calculation to widen quite a bit.
STD DEV for week of 16 - 20 March: 1115 - 1305
STD DEV for Monday March 16: 1047 - 1373
Anticipating a rise to the daily price target prior to a continued decline toward the weekly price target.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 12 March 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1058.53 - 1122.93
No Conolidation Exists at this time
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 881.93
The prices have moved 7.37 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 11 March 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1206.16 - 1264.30
Prices have broken through the consolidation low
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1162.097 - 1201.14
The prices have moved 5.63 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
STD DEV for 12 March 2020: 1137.27 - 1391.32
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT - RUSSELL 2000 coming to buy zone 1240-1260RUT is coming into potential buy zone
Support at 1260 (Dec 2018 low) and 1240 (wave c/y equal to wave a/w)
RSI at 25 oversold territory
RUT Consolidation Pattern Through 2020? We are looking to trade aggressively with low risk high reward Unbalanced butterflies throughout 2020 with this potential consolidation pattern in the Russell throughout 2020
RUT Update for 10 March 2020Price Projection generated by the end of week March 6 2020: 1312.43
End of day price projection generated by Monday March 9 2020: 1231.95 - 1260.60
STD DEV for week of March 13 based upon week ending March 6 2020: 1393.01 - 1505.43
STD DEV for Tuesday March 10: 1212.64 - 1414.24
wow red dimond on the 2 month first ever something about to go really wrong . posted a few months back about this and put in a short cause I saw something not right it's paying off finally patients is key
Yikes/:Expect a 200 Day moving average touch on the monthly.
worst case- id expect to be break blues lines if the 200 day doesn't hold.
RUT update for 05 March 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1445.36 - 1478.82
Price Consolidation has formed between: 1448.21 - 1539.44
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1441.78 - 1436.15
The prices have moved 3.27 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Friday 06 March 2020 STD DEV: 1398.61 - 1559.04
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Diary | 3/2/2020 | RUT SpreadJustification:
Directional Play: Yes, establishing long delta position to reduce short delta and margin.
Technical: Below October low.
If/Then:
Take profit? 50% of credit received.
Where will you hedge? $1410
Strategy Details:
Short and Long leg: $1410, $1395
Short Leg Delta: 0.16
Expiration: March 6
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
