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US2000 trade ideas
Most important level for Small caps..!The Russell 2000 Index is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.
As you can see in this chart Small caps had a sinewave pattern in the past trading year, anytime they entered this level they bounce back:
A:
RUT close below 2080 this pattern could make a rectangular Top..!
B:
otherwise, we see another upward move between 10-15% in small caps!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
One more week of this [bs...]?In tandem with crypto, RUT may be over its mega sideways move shortly. Estimating another week, same as BTC . These guys...
TIIIIIMMMBBBBBEEEEERRRRRRussell 2000:
• No buyers higher
• Testing support for the thousandth time in a year
• Rate hikes
• Inflation
• All bad
• Fibonacci show oversold in lieu of reversal
○ My Thought:
TIMMMBBBBERRRRR!!!!!!!! Small caps looks so weak up here it is not even funny we are testing this support for the umpteenth time since last year. Its time we go lower. This is where rate hikes could impact the earliest. A lot of bag holders up here hoping rate hikes and corrections come in. honestly why people bought so high when they there is literally no volume lower.. I would short the mess out of this
This can go 1 of two ways we can bounce again for the thousandth and one time which I highly doubt or we are coming down to 1761, and then 14 ETF: IWM: Overall: BEARISH
Today: BEARISH
RUT looking for a reject price level$RUT H&S pattern confirmation, price action is wild. RUT has formed multiple gaps towards the upside. However I don’t think it’ll have the momentum to continue. It does look like RUT is aiming for 2222.20 price level. Depending on how it will close, We may see a test and reject down the to 2145 level.
Important price level to pay attention to:
4HR candles closing below 2210.68, I’d BTO puts for $2145 weeklies;
4HR candles closing above 2289, we may have a run up to 2394.23
Russell 2000 Bull Run?If up for Wave 1 back for Wave 2 then we have an opportunity for strong massive Wave 3 up.
If the invalidation hit which is still valid as we need to confirm but if hit then I would expect it to reach 1920 area.
GOODLUCK!
Possible Recangular Top in Small cap's Index..!1- Closing below the 50EMA after 78 weeks
2- Sideway for the past 45 weeks
Possible scenario:
A: Rebound at 2080-2100 level
or
B: closing below 2080 level and further decline to 1780-1700 and completing a rectangular top formation
Best strategy: wait for A or B, it is not a good time to Short/Long
This time could be different:
and we may see a breakout
Education:
A rectangle occurs when the price is moving between horizontal support and resistance levels. The pattern indicates there is no trend, as the price moves up and down between support and resistance. The rectangle ends when there is a breakout, and the price moves out of the rectangle. (Investopedia)
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference:
www.investopedia.com
Russell 2000 Index AnalysisThe price started to fall after breaking the last floor of its uptrend, which will go to the level of 161.8 fibo after pulling back
RUT WYKCOFF SETUPWhen looking at Weekly chart of RUT index we can see a picture perfect Wyckoff setup, Have highlighted the probable target are based on price action, This is being support but the Macro fundamentals in regards to US economy
What is going on in the market..?All major indexes have reached new lows today and bounced back a little, Which shows sellers are strong..!
on the other hand
they bounce back a little and none of them even touched the middle of yesterday's candle, which shows buyers are not strong enough!
I think any trader in order to be successful should have a predefined plan for trading!
That plan must look like an algorithm code: a combination of 0,1, and, if, or..!
It means:
IF A, B, C... happened I will open the position!
But he should not forget to monitor his position!
So,
IF X, Y, Z, ... happened, I will close my position!
But,
What if A, B, C, .. do not happen for a while?
The answer is I will sit calmly and wait for the next opportunity..! In other words, A, B, C to happen!
One of the biggest trading mistakes is not defining a "No-Trade Zone"!
I think we are at the highest level of uncertainty in the market, in other words, "No Trade Zone".
One question:
Did you define your A, B, C,...X, Y, Z???
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
RUT WYKCOFF SETUPPrice has made a Wykcoff setup for a short and using Fib levels against price action one can see the target areas that may be hit
Russell 2000: In the triangle and bullish divergenceWe are in the middle on the never-ending triangle on the daily chart. There was a false breakout a couple of weeks ago but it seems bulls are strong enough to break out this triangle once and for all. For swing traders, sell with an adjusted stop loss and for long-term traders, buy if there is a correction to the lower part of the triangle (2155) or after the correction if there is a breakout (2287). The bullish signal on the RSI is there and it must be taken into consideration and the 2575 level should be reached if the triangle breakout takes place, but normally, after 1 year going sideways, the uptrend should be much longer.
RUT may go both ways but all signs point southBearish on RUT if daily / 4hr candles close below 2267.37
Bullish on RUT if daily/ 4hr candles close above 2274.53
H&S Confirmation retest, and reject at right shoulder
Candles touching 9EMA momentum slowed down, smaller candles
Look for a pull back between the 2171.41 to 2147.05 area still bullish. Anything below 2107.67 will be going to 2026.23
Gaps in grey maybe not be filled until the market pulls back and retests 2252.05 level
Respectfully,
Retest breakout then HigherLikely to retest breakout from the decent sized bull flag then 5k. 60-100 points max
Russel vs CopperDon't fool yourselves, it's coming.
More impressive, sustained capital flows in commodity complex in 2022.
RUT Russell 2000 Santa Rally?The Santa Rally is set to start on Monday, Dec. 27.
This period gave positive return for the S&P 500 78.9% of the time.
Since 1950, the average return of the Santa rally was 1.33%.
How do you think this will be reflected in the Russell2000 index?
The reasons could be optimism over the new year ahead or holiday spending.
RUT may be leading the way for indices RUT has currently had a strong rejection of a butterfly top and looks to make a possible break lower. This whipsawing of the long term range the RUT has traded in may be early signs the RUT is getting ready to break (Note, even in times this does make a break sometimes there's a final failed new high - shorts at this level can do well but it's worth stopping out and trying again higher if the bulls rip).
Russell 2000 Complex Wave 4If Wave 4 to finish at my target of 2088 then we might start Wave 5 to 2.5k and ideally to 3k target.
If this level gets broken then the next support level is 1920
GOODLUCK!
2100 is the most important support level ..!This is the most important week of the year for small caps!
If Russell 2000 closed below 2100 this week, this must be considered as a rectangular top in the weekly chart!
and we are less than 1% away from the 2100 level!
The Russell 2000 Index is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index.
The Russell 3000 Index is a capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S stock market.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Getting rejection at that level. Look for a breakBreak the level and we should be able to make it back up to the trendline. Price may move fast after the break from the history.
RUT long term studynobody knows where will it go from here but sure looks like we are at the top of the new rectangle ...
Fun fact: both rectangles have same height using log chart
