TayFx
Short

RUT2k 2nd Entry for Fri Jul 10, 2020

TVC:RUT   Russell 2000 Index
The RUT is down 20% from highs, establishing itself as a true bear market. Down 9% in my current position from the previously posted entry, i will be taking a second entry (scale-up) today pre-market.

13:08:34 ( UTC )
Fri Jul 10, 2020

Comments

HI @TayFx I think that todai the market is very bullish isn't right? or am I wrong?
+1 Reply
TayFx kayriitz73
@kayriitz73, yes today is bullish. Should I be stopped out of this trade (a -1% loss), that's fine because RR is higher anyway, the higher that RUT is inflated, as americans spend their last round of unemployment checks to buy stocks.
Reply
@TayFx, oh :D I'm newbie

this is my chart
+1 Reply
TayFx kayriitz73
@kayriitz73, So this is the Russell 2k, which is not a good chart to use if you're trying to look on the bullish sides of things. For that check out the NDQ (COMPQ) or the SPX for some nice inflated gains. However, this index is technically in a bear trend, which would make your above pattern a rising wedge (bearish continuation pattern). Also check out the 200 MA, which it's currently about to test and reject.
Reply
@TayFx,
thank you for your suggestions and corrections
Reply
TayFx kayriitz73
You're 50 day MA is proven as support, but could the 200 MA hold as a ceiling? @kayriitz73, we will see by tomorrow
Reply
TayFx kayriitz73
@kayriitz73, Thanks for sharing!!!!!!!!!!!!!!!!
Reply
I did real good shorting IWM this week, tyvm!
+1 Reply
TayFx DaddySawbucks
@DaddySawbucks, Glad to hear!!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out