M2K! Here on the 1D , We have a previous imbalance. Aligned with the 0.71 fib level. Expecting to turn and see the end of this correction.
Entry @ : 2067.1
Stop @ : 1993.1
Take profit @ : 1819
RTY BreakoutRTY has had a couple of down trend breaks in a row now as it builds strength heading into FOMC. Really nice break and retest on both trendlines shown here, great long opportunity this morning. I would expect RTY to rally into FOMC unless it breaks back below the trendline where I may look for shorts
$RUTSeptember will likely determine the market's direction for the rest of the year. Key U.S. economic indicators, such as the Consumer Price Index (CPI) and unemployment rates, released in the first couple of weeks of September, will provide more confidence to investors. Currently, the market is pricin
Russell 2000 - COT Based Strategy Suggests Downside AheadDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Russell 2000 (RTY)
My COT strategy has me on alert fo
Nvidia’s pain may be the Russell 2000s gainNvidia’s pain may be the Russell 2000s gain, if sentiment towards the US economic outlook holds up. The rotation of capital out of AI names has to go somewhere, and as we’ve seen over recent months, that’s often been into US small cap stocks which trade at substantially lower valuations.
While the
Good R:R opportunity on RTYPlenty of room up to 2271 still. If we see a break above 2231 on the hourly and then form a HL we will likely see an uptrend continuation to 2271.
Russell may rock n’ roll on rate cut and soft landing hopesRussell 2000 futures sit on uptrend support, making Friday’s close important following Jerome Powell’s speech at Jackson Hole.
To get excited about US small caps, you need a soft economic landing and lower borrowing costs given many of its constituents are unprofitable and reliant on capital market
RTY Bear FlagI posted a bullish idea for RTY earlier based on a horizontal support level, but after reviewing more I think this might actually end up bearish. Nice bear flag here on the 4hr, so I'd say that makes it more likely to break. I have demand near 2100 I'd use as a first target for shorts.
RTY Support Test Long IdeaRTY is an interesting spot here, I'd expect bulls to hold the area on at least one retest. If not, I think it could be a great short if it breaks below and retests.
First upside target for me is 2175, downside is 2100 if it can break below 2130ish.
Determining Which Equity Index Futures to Trade: ES, NQ, YM, RTYWhen it comes to trading equity index futures, traders have a variety of options, each with its own unique characteristics. The four major players in this space—E-mini S&P 500 (ES), E-mini Nasdaq-100 (NQ), E-mini Dow Jones (YM), and E-mini Russell 2000 (RTY)—offer different advantages depending on y
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for E-mini Russell 2000 Index Futures (Dec 2023) is Dec 15, 2023.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell E-mini Russell 2000 Index Futures (Dec 2023) before Dec 15, 2023.