forker
Long

RUT - Russel ready to start climbing.

TVC:RUT   Russell 2000 Index
Here is why I see that the Russel could climb again:

The orange up sloping frequency shift is reached.
From there, RUT jumped up - in addition, the sine-wave center was breached and hence price is ready to turn.

Besides all these facts, there is one bar that caught my attention: The green marked one showed a nice intention to the upside - watch the close!

So, I'm happy with my Butterflys, watching them getting fatten from day to day as time decay §8-)


P!
are you looking at the 1400 level for target area?

Also I'm interested in the sine wave, but I see that the new low caught some stops and then the market could get back underway.
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forker morsenm
I always look for a target at the centerline.
The sine wave did it's job as expected - the stops got bagged and then the market reverse.

Cheers morsenm
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Love the chart but hope you're wrong on this one. I'm short. Take care. Have a great weekend.
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forker goodguy
Hhahaaa, thank you goodguy :)
I hope the best for both of us LOL. I would have no problem if price would go down slowly since I'm in with Options, a Put Butterfly.

Let's hope the best.

Cheers mate.
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@forker, Thanks for the response and good wishes. I posted my chart of IWM with how it is looking to me and what I'm thinking. Take care. Best to ya!
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