$RTY_F Small Cap Futures complete initial upside move
The Russell Small Cap Futures completed their initial upthrust nearly a week earlier than expected. A trend change is underway, as the liquidity data indicated over the prior two weeks.
I have taken some profits on my
IWM
Call Debit Spreads, and will look to reload on a pullback, anchored around the Green Flag Zone below. Eventual target for July is the Red Overhead Supply Zone, although that may take several trips.
The key here is the high-value zone within the currently dominant structure, the green flag zone below, which rises each week.
Members have been able to keep track of the plan over the past two weeks in the reports and live streams. The plan is designed so that there is no need to watch the screen during the day.
I will continue to plan ahead and use limit orders, waiting for price to come to me as I re-load and manage the position.
Above all, keeping track of the liquidity data to make sure that the Cyclical side of the Small Cap Index maintains its Quantitative advantage over the S&P and Nasdaq, which it started to gain on May 24th and the Russell 2000's Quantitative Data Advantage has been intensifying since then.
That has implications for a massive hedge fund Quant Algorithm Pair Trade that has been underway since mid-March, and which is beginning to unwind. We will be keeping track of that as it unfolds.
For now, the Quant data supports the plan we set on May 24th when I went long IWM and RTY.
I have taken some profits on my
IWM
Call Debit Spreads, and will look to reload on a pullback, anchored around the Green Flag Zone below. Eventual target for July is the Red Overhead Supply Zone, although that may take several trips. The key here is the high-value zone within the currently dominant structure, the green flag zone below, which rises each week.
Members have been able to keep track of the plan over the past two weeks in the reports and live streams. The plan is designed so that there is no need to watch the screen during the day.
I will continue to plan ahead and use limit orders, waiting for price to come to me as I re-load and manage the position.
Above all, keeping track of the liquidity data to make sure that the Cyclical side of the Small Cap Index maintains its Quantitative advantage over the S&P and Nasdaq, which it started to gain on May 24th and the Russell 2000's Quantitative Data Advantage has been intensifying since then.
That has implications for a massive hedge fund Quant Algorithm Pair Trade that has been underway since mid-March, and which is beginning to unwind. We will be keeping track of that as it unfolds.
For now, the Quant data supports the plan we set on May 24th when I went long IWM and RTY.
Comment:
The RTY1! Small Cap Futures pulled back, allowing me to reload the long position, reaching the red zone target. Two huge swings up and down the range, with a third one possible.
Comment:
The long strategy in the RTY1! Small Cap Futures continues to pay off, with +380 points taken and no losses yet, as the floors I discussed continue to hold and act as a springboard.
If there is a desire, I will post the updated chart, which gives clear upside targets for each long position I take at the floors.
If there is a desire, I will post the updated chart, which gives clear upside targets for each long position I take at the floors.