IWMRussell aint messing around. Basically 12% in a straight line (No position). Potential to see some resistance as it approaches top of range. by tdrake21391
RTY Russell 2000 futures - Elliott wave analysis - sell set upWelcome guys, CycleWave is the top author sharing trade ideas based on EW analysis since last five months on the global stocks, currency pairs, cryptos, future indices and commodities. You can follow us to get more trade ideas/analysis. RTY Russell 2000 futures - From last bottom as shown in chart of 30 min time frame, it is within ABC zigzag where 5th of C wave is in progress, In 5 min time frame it is in 3rd of 5th wave, which will end soon today. Wait for price to broke down the low of 4th of C wave as a confirmatory sign of reversal move, then sell in bounce with stops above last high. The 4th wave low is 1570. Thereafter bigger down side correction expected. Give thumbs up if you really like the trade idea. Shortby EWFcw2
RTY OverboughtStay away from small caps.... overbought. I think it might get a small gap up tomorrow based on previous rally (overlay), but definitely not worth chasing. Very close to resistance zone anyways.by hungry_hippoUpdated 5
Russell's Temporary Breakout 10/4/2020RTY at the daily view. The RTY finally broke out of its short-term resistance (blue line). However, it's still in a giant sideways to slight downward channel. Furthermore, RTY has been in a general box between 1400 to 1600 for years. The reason for its sub-1400 days was due to unusual bear market events. The reason why it was above the 1600s before is because TSLA was once part of the Russell 1000 - now part of the NASDAQ. Russell is actually one of my favorite indices to trade because of its predictability. Now, we are see tech going down and small caps going up. That kind of reeks of institutional movements - much like what happened in July. Not much to say. Russell is literally one of the few indices or sectors that I short when it reaches around 1600 - might be a little lower this time. I plan to long when it reaches the mid-1400s. It's been in predictable trading box which is why I really like it. by Itsallsotiresome1
RussellPerhaps time to short, at least tactically. The Russell has fallen below both the 50 and 200 day moving averages and seeming confirmed a breakdown below a descending triangle (sloppily drawn) the began to form at the beginning of the month. On a daily chart of standard candles there is a gap to fill around 1423, perhaps we are headed there now. A trailing stop above the 10dma to stem any bleeding in the event of a hard reversal (JPow flaps his horse lips some more tomorrow) and the Fed put is still alive as far as we know so shorting is always uncomfortable. Trade accordingly. Shortby austrian_traderUpdated 0
Short when RSI is really High with Supply ZoneDo not double down or go against the trendby thong5future1
RTY Overbought on MFIExpecting another pump and dump tomorrow, here's why... RTY is overbought on MFI and YM is close. Maybe we just get another sector rotation back into NQ because that's oversold.... who knows. I'm calling for a gap up and tank tomorrow, or bare minimum a whipsaw day.by hungry_hippo2
Monitoring the RTY Monthly time frame for the next big push. RTY should soon approach the monthly resistance. If resistance holds. Market could fall... If it breaks through, could be a big bull push. Will keep my eye on it. Longby JoshuaMartinez3315
When It’s best not to trade...No trading after 8:45 CST on FOMC day... heavy chop zone in the M2K_f right off the bellby HumbleFutures1
Decision time for the RUTLet's start with the bigger picture In the weekly time frame, last week's low may have created local support at ~1478 that bulls can fall back to without losing their lunch, but if it goes, i'd be looking at a slip into the 1430's with a dip below that opening up the flood gates into the sub 1300s. If we do slip down, but hold, it will encourage the overall bull trend to pick back up and look at resting > 1500 resists like 1535 and 1580. In the small time frame, the early morning and into open will be key. Futures will be melting up, due to the overall longer-term bull trend, but will it hold the open? My opinion is no, but the numbers will be the deciding factor. Can the open hold 1500? If not, there will be a lot less pressure on bears and shorter-term bulls will start looking for exits as it will mean the (bull) flag started the first week of Aug is failing and could pullback all the way back to 1473, picking up momentum on the way. On the way up, the critical levels are gonna be 1523, 1537, 1551 -- if these are taken, and hold, then it likely is game on for bulls and they can sleep well. On the flip side, on the way down 1506, 1479, and 1451 are Danger, CRITICAL, and TOAST. Overall, in the Daily time scale, we are in a bear flag and bulls are fighting to recover some ground in the 1495 - 1523 range, so I expect most the day to range between those, all things being equal I don't like to comment on scales lower than daily, since it gets outdated quickly, but one thing I did notice tonight was price falling shortly after the 15m made a BULLish cross on the 20/50 smas, which is tempered confirmation that this pre-market activity on Sunday night is just that, pre-market, no commitment -- low volume, no real churn/price discovery, just bulls getting positions and bears biding their time. by oranjcrush0
RTY - Possible Downward Channel Forming 9/12/2020RTY at the daily view. It seems that the RTY is stuck between an upward channel and a downward channel. Since liquidity levels are dropping pretty fast, that downward channel is starting to become more legitimate. If so, there is a gap at 1419 that has yet to be filled. Algorithms and the selloff can head over there pretty fast. Since liquidity is back going downwards, it seems RTY is going to back as my favorite short target again. Unlike the NQ, RTY is a little more predictable in its bigger levels. That's what I like about this index.by Itsallsotiresome2
+1,700 Tick push on RTY. Read Description Carefully!The RTY daily time frame is now hitting the inner up trend line. If support holds I am expecting the market to push bullish and break above the 2019 resistance level. I plan on looking for counter trend line breaks bullish in the buy zone starting Monday. Longby JoshuaMartinez101027