US2000 trade ideas
Russell 2000 Potential for Bullish ContinuationLooking at the H4 chart, my overall bias for RUT is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Look for a potential buy entry at 1789.4537, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 1722.0208, where the previous swing low is. Take profit will be at 1911.6949, where the overlap resistance is.
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RUT Russell 2000 Santa Rally U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for RUT Russell 2000 is $1860.
Looking forward to read your opinion about it.
Is now the time to buy stock indices?The Russell, and other stock indices, have been in a retrace move since November 2021. High inflation and fears of a predicted recession are the driving force of the current downside.
Is now the time to re-enter equities? Is the retrace move coming to the end? Have the markets found a bottom?
Here are my thoughts...
Fundamental Analysis
Inflation is coming down and seems much more under control. High inflation and rate hikes are no longer a shock to the markets but have become a norm. Obviously, inflation is still high but it does look like it has peaked. The markets are expecting further minor rate hikes to continue to bring inflation down to a more healthy rate.
Last weeks US non-manufacturing PMI figure suggests that the US could be heading into the expected recession - what has been predicted by many over the last 6 months or so could be starting to crystallise. A recession is not a good thing, but recession could be good for the equity markets, as economies will be acting as most analysts and traders have been expecting, which brings some sense and stability to the markets.
Technical Analysis
The retrace move recently found support around a key weekly horizontal level and around the 50.0% Fibonacci retrace level. On lower time-frames, price has closed above a consolidation area. All is marked on the chart above.
Summary
So, going back to my original question... 'Is now the time to buy global stock indices', my answer is 'I don't know', as nothing is certain within the financial trading, no trades or analysis is guaranteed. Saying this though, I went long last Friday based on the analysis in this post. If price does swing lower, my next areas of interest are around 1650 and around the weekly 61.8& Fib level.
Things to beware of are; inflation starting to climb again, a deeper recession than expected. Either of these things (hopefully not both of them!) could bring stock markets lower.
US Small Cap 2000 - Bears are in controlUS2000 - Intraday - We look to Sell at 1785 (stop at 1805)
Buying pressure from 1720 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1730 and 1630
Resistance: 1780 / 1830 / 1875
Support: 1725 / 1630 / 1530
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
US Small Cap 2000 - Bears are in controlUS Small Cap 2000 - Intraday - We look to Sell at 1790 (stop at 1810)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1730 and 1630
Resistance: 1780 / 1830 / 1875
Support: 1725 / 1630 / 1555
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Remarkable similarities to February2020 & August-September 2008 The current rollover in the market, featuring a clear double top with negative RSI divergence, is remarkably similar to the February 2020 & August-September 2008 rollovers. My opinion is that the current rollover will resolve with a large move to the downside in similar fashion to the aforementioned time periods.
Rectangle/Symmetrical TriangleRectangle with what appears to be a head poking out in the middle.
Symmetrical triangle inside the Rectangle also called a horizontal trading range.
Both are neutral patterns until broken.
Targets up listed for the rectangle if price were to break resistance of the rectangle.
I did not list targets up for the triangle as it will have to break the rectangle resistance line to reach any targets with the resistance to break being 1913.35.
No recommendation.
Price is sitting on the support line. Spinning top at support.
Lots of choices in life. The right ones and all the others (o;
Russell says Bears are FAKE NEWSI think this pullback is fake
The longer timeframe price action as shown here is unsupportive of the high being in on this move
And the shorter timeframes are becoming oversold
Probably the only thing bears have got going for them at this point is the dollar being oversold
Let’s see what happens!
GRI 2022
US2000 BACK TO 2000 ?- RUSSEL back to 2000
- Seasonally Russel is strong in DEC
- Seasonally Dollar is weak in DEC
- W-pattern + 1st Push unfolded
- Looking for stophunt high and low, then 2nd Push
- 2nd Push is run from 1850 to 2000 = MPP to MR2
- Also Demand-zone and 2 Deviation of Channel
- COT supportive of move higher, Dealers more short and less long
Weekly Ratio ChartsHere are the 4 main ration charts I look at weekly to give me a gauge of risk on vs risk off. Need to see see the riskier assets outperform before a new uptrend is confirmed. So far we can see a bounce in all the pairs, but the only one breaking out of a base so far is the small caps vs SPX. Discretionary, tech and growth are just bouncing back to overhead resistance at this point.
Russell 2000 (Small Caps) Hang 10!!!!To ride the BIG waves, you have to have intestinal fortitude! While everyone is BEARISH, you have to zoom out and observe what others can't see. The BIG ONE begins only as a swell in way the distance, but the well-trained surfer sees what will be!
The Russell 2000 Index has all the makings of a swell out at sea. The question is, are you willing to go out and GRAB IT!!!!
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Swing TradingUp bars signal an uptrend while down bars signal a downtrend, while other price action indicators may be inside or outside bars. The key to success with this strategy is trading off of a chart timeframe that best meets your schedule.
There are also more strategies down below to fallow
Take fewer positions and hold for days.
It is critical that you understand the drivers of your currency pairs and have taken the time to really understand your market. Therefore, after studying the market and narrowing down particular chosen currency pairs, selecting a few positions and holding them for a longer period of time is a prudent strategy for traders. Another wise strategy is to put in stop-loss orders with all your trades to minimize any losses if the market moves against you.
Look at long-term trends.
There is value in looking at longer-term trends (daily/weekly) instead of looking at hourly or even four-hour charts. This will allow you to trade while looking at your computer only once a day.
Set up trading orders.
Setting limit, stop-loss, or other entry/exit orders can ensure you do not miss opportunities to enter or exit positions. Most trading platforms allow for these orders with no additional fees.
Use technology!
Set up automated alerts to your mobile phone or email to keep you informed of currency price movements while you are not actively trading.
swing tradingTraders, usually when just starting out to know many types of indicators such as MAs, moving averageges, and lot more. How common beginner's mistake is to apply a bunch of indicators to a chart without actually knowing how they're calculated to how to interpret their values.
The important thing is do not over complicate your trading system.This can lead towards something called analysis or indicator paralysis and contrary to what you were trying to achieve, it will only worsens your trading. Before using an indicator, it is crucial to understand how it works and what it actually indicate. Most beginners don't understand that indicator has essentially interpreted their price action in a different, supposedly easier to understand way.