Russell 2000 future trendline Right at weekly trendline resistance now. Interesting to see what happens next.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
M2K1! trade ideas
RTY IWM RUSSEL 2000 short , early positionRUSSEL 2000 gettin overbought due to sector heavy rotation of last weeks. Possibility to open a entry position here and scale in if it breaks down below 1815$. Average down if market push up higher or use SP500 as reference for stop loss. Shorting is super tricky and it's impossible to time them perfectly. This is a counter-trend play, so very risky. Regression to 20ema should be achieved before another push up.
PT1:1815 (small pullback)
PT2:1753 (retracement)
Long RTY / Short ESIf we're above these levels I gotta consider adding something like this position. Just a lil bit. And ease in more if it's working. RTY/NQ is also looking like a massive base is forming, but I feel like it will take more time to heat up. At any rate, at some point this train is leaving the station. Just don't want to be too early or too late.
Russell Version to the Mean
Continuing my idea from yesterday - multi day picture shows whats been going on.
Interesting is the volume profile - or rather the lack there of - this a one hundred point plus move that was initiated before the latest vaccine news.
Lots of measurable divergences - but the forces that be are keeping this up - the cumulative deltas have gone negative.
Look forward to seeing this return to the mean.