M2K1! trade ideas
RTY - Russell2000 main s/r zones analysisHello traders,
Description of the analysis:
E-MINI RUSSELL 2000 INDEX FUTURES ( RTY ) support zones ideal for timing long positions (gray). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume .
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPX index. Biggest part of my current bussiness activity comes from e-mini futures (NQ, ES, RTY). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
RTY One hour up ChannelRTY one hour time frame is breaking the counter trend line bullish off the one hour time frame. The top of the channel is around +500 Ticks above the support level.
RTY UpdateRTY oversold, NQ is still near overbought.
Maybe we get yet another sector rotation? Starting to get dizzy with all this rotation, lol.
$IWM RTY would be in trouble below 2100$IWM RTY would be in trouble below 2100
This week is a good week to play short if the momentum on the small cap index sells to the downside.
Markets enter the consolidation phase: Russell2000 still bullishI perceive Russell2000 as being in a still bullish phase, however, it might need more time to settle. Today we might see mild pressure to the upside with light volume. Remember, today is a short day for CME. US Stock exchanges are closed.
Another short term hedge opportunity #stocks After the huge run in the Russell I am using the index futures to hedge against long equity exposure in the portfolio. I am not bearish on the market on an intermediate term (weekly) basis but in the short term I think its a prudent time to protect against any potential volatility spike or profit taking in the market especially going into a long weekend. My stop will be above yesterdays high and if the hedge works, price should be heading back into the range (rectangle) from last week
/RTY | Russell 2000 Rejection At Trendline Resistance The Russell rejected at two trendline resistance levels. Watch for a pullback to structure support.
RTY MFI OverboughtNQ oversold, RTY overbought. Looks like more whipsaw, lol, possible sector rotation again.
RTY 15min Gann FanRTY didn't touched 8/1 line et so can still have to go there first to complete gann fan.
$RTY | [$IWM] Potential Short Opportunity Inside ChannelHere is an opportunity to take a countertrend short scalp on /RTY at channel resistance.
**This is not confirmed**
RTY Update 1/6The market celebrating the end of capitalism because of stimulus, lol.
Stayed out of the market the last couple of weeks to go duck hunting, this crap is absolutely hilarious. In any case, RTY and ES MFI overbought, YM and NQ aren;t quite there yet.
Elliott Wave View: Support Areas for Russell 2000Short Term Elliott Wave View suggests the rally from September 25 low in Russell 2000 (RTY) is unfolding as a 5 waves impulse Elliott Wave structure. In the 1 hour chart below, we can see wave 3 of this impulsive rally ended at 2032.3. Wave 4 pullback is in progress with the internal subdivision as a double three Elliott Wave structure. Down from wave 3 high at 2032.3, wave (a) ended at 1993.2, wave (b) pullback ended at 2006.70, and wave (c) ended at 1946.60. This completed wave ((w)) in higher degree as a zigzag.
Up from there, wave ((x)) bounce ended at 1997.60 as another double three Elliott Wave structure in lesser degree. Wave (w) ended at 1987.4, pullback in wave (x) ended at 1958, and wave (y) ended at 1997.60. This completed wave ((x)) in higher degree. Wave ((y)) lower is currently in progress as a zigzag where wave (a) ended at 1920.5. Expect wave (b) bounce to fail below wave ((x)) high at 1997.60 and Index to turn lower 1 more time in wave (c) of ((y)) towards 1857.31 – 1911.16. This last move lower should end wave 4 in higher degree. From there, Index should resume to new high or bounce in 3 waves at least.
RTY One hour up ChannelRTY One hour time frame is in an up channel. I am looking for the market to form a low price and push bullish towards the top of the channel. The low price could be now or it could be near the bottom of support. It may be a good idea to use a counter trend line break bullish to find the potential low price.
