E-MINI RUSSELL 2000 INDEX FUTURESSupport and resistance symbols are shown .
This support and resistance was very important before .
M2K1! trade ideas
RTY1! - Weekly Market Update, 10/24Russell futures have bounced off of the long term BLACK channel supporting this rather aggressive bear market rally these past few week.
The YELLOW channel overhead will act as resistance along with the 50 day SMA.
The market these past few weeks were broadly oversold which is believed to support this relief rally.
All technical indicators point to a longer term bearish scenario at this time, at least until we start to see some technical and fundamental changes.
RTY UpdateAlgos are clearly still trying to pump the market, look at MFI.
Going to wait until MFI gets overbought before getting into any big trades. SHould happen Tuesday I think
RTY UpdateWound up being a 4 day short squeeze after all, like I said last week, I changed my focus to bankrupt companies and snagged W puts this morning. Closed out my winners and losers (from last week) and put the profits into W puts at a lower strike. Just some light trading in this weird market.
I think we could get a bounce here because ES and RTY MFI are oversold. Yields are exploding again and FDAX looks bearish so we may get a gap down tomorrow anyways.
TSLA earnings tonight. Focus should be on bankrupt companies, not gonna play the bigger companies.
will small caps save the market or fail at resistancerussel is making its high, and the question is will it print this and reverse following the rest of the market lower, or is this resistance breaking on a second touch to melt the market up with more squeeze. right now the hourly is most important. as long as were below nadaraya watson estimate it feels like price belongs toward bottom of envelope and lower horizontal, and if we bounce we should go back toward estimate or upper horizontal.
APPLE HAS BEEN ON OVER ALL BEARISH SINCE NOV.2022The continued fall in price will continue until no nearest future, leading to the current overall price target to 1333
Traders would just scroll down to lower timeframe to take the advantages not unmindful of the zones to keep off
RTY1! - Weekly Market Update, 10/17The indices had a rather wild week, the technicals are approaching being oversold. A bounce from here would not be unexpected as there is some consolidation occurring as price is currently hovering around the June low's area.
I'd like to see the market cycle back to an area of being overbought and finding a low risk confirmed area to short from. At this time I'm looking for thing's to setup again for a desirable entry.
I've adjusted support and resistance structures accordingly.
RTY LongsLooking to buy RTY for a run to the previous high. This is on the back of a bullish BoS on the 4H. Weekly bias is bearish and Daily is bullish to 1843.5.
RTY1! - Weekly Market Update, 10/10Russell futures have settled slightly above their June lows and are approaching BLACK channel support.
Support and resistance structures have been adjusted accordingly for your reference.
Likely: Russell & S&P Spread to Favor Russell ConsistentlyI think energy stock composition and dividend yields will favor the Russell in the near term based on this MACD signal, potential triangle and Elliott Wave count.
RTY UpdateThere's a good chance the market just whipsaws the next few days so watch out. See highlighted area
RTY UpdateOverbought on MFI and RSI on my short term chart, NQ and ES RSI are just barely touching overbought so gonna wait until tomorrow to short.
Slept in because I missed the long boat yesterday, lol. No positions. At this point it's a bit late to chase the pump.
Russell2000 /RTY | ABC Strat Test: LongIf the Russell holds above ~1700 I expect further upside. ABC strategy invalidated if break previous lows.
Breakout Day?Is today the day we breakout of this multiday consolidation? If so, tomorrow will be the key into letting us know if we accept higher and ready for our next leg up.
RTY1! - Weekly Market Update, 10/3Russell futures settled below the June lows this week and are currently sitting on long term support.
Potentially breaking down from here would accelerate a plunge towards the 2020 lows in the coming month(s).
ES Daily UpdateDaily MFI is touching oversold, but if you look at the last drop it went further into oversold. This means RSI could double dip into oversold.
I said this morning the bounce is just a technical bounce. I sad the same on Wed and it tanked Thu.
Nothing good can happen when the market pumps bad news, I think you;d be better off shorting GM or AAPL than hoping for anotehr pump today, lol.
My guess is that this is yet another bear flag and we get one more drop either Monday or Tuesday and then the market turns around. As I typed this, SPX went back to even for the day, lol.
ES UpdateWasn't really planning on sharing the arrows, but decided not to delete them. General idea of what I think is gonna happen.
It may start popping up today though, MFI just touched oversold, market acting more bullish. Keep in mind this is a technical bounce, CPE number sucked, and my arrows show another tank on CPI, lol. Plus elections coming up.
Absolutely no reason to be bullish other than daily indicators being oversold. Purely a technical bounce, nothing more.
1st graph - RTY - long term bear marketplease check my previous studies available. I used same weekly charts but with shorter term indicators
Russel 2000 Weekly Volatility Forecast 26-30 September Russel 2000 Weekly Volatility Forecast 26-30 September
Currently our volatility for Russel is at 4.3%, increasing from 3.76% last week, located on 70th percentile, placing us in a high volatility environment
Based on the previous calculations, there is currently a 16.7% chance that the asset is going to break the channel(the weekly candle it will close above/below)
TOP 1746
BOT 1620
At the same time, based on the previous calculations:
- There is a 28% chance that the previous high from last week of 1830 is going to be touched
- There is a 70% chance that the previous low from last week 1660 is going to be touched
We can deduct that we have a much higher probability to have a continuation of bearish candle than bullish.
On average the weekly candle when the asset was located around this percentile are 2.9% for bull candles and 2.95% for the bear candles from the opening price.
From the fundamental point of view, news that can affect this asset price this week:
- Core Durable release, CB Consumer confidence and Powell Speech for Tuesday 27 Sep
- Powell Speech for Wednesday 28 Sep
- US GDP and Jobless Claims coming on Thursday 29 Sep
- Core PCE on Friday 29 Sep
Overall I believe for this week there is higher chance due to the overall global activity to have another bearish weekly candle.
RTY1!HELLO GUYS THIS MY IDEA 💡ABOUT RTY1! is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
