Im not participating in this, Im swing short with SQQQ and will be buying SPXS at the close. Looking for a move down into the mid of the month and another leg up into Mar OPEX
I was expecting this move, it came on time for the Fed day catalysis. If you look at smart vs Dumb money as well as overbought conditions and negative divergences, you can see that this is a fakeout move, which happened many times in history. I had a very important update last night, and will be doing a follow-up tonight.
Title: Russell Futures ( RTY1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2033.0 Pivot: 1909.8 Support: 1832.2 Preferred case: Looking at the H4 chart, my overall bias for RTY1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 1909.8, where...
RTY chart, held support where it had to, at the must-hold resistance now There is a pathway for the overshoot/fake-out move I mentioned before; there is time till the Fed meeting. Its at a perfect r/r for a swing short. I might post one more chart tomorrow. Good night
Looking for a test of 189.50 highs demand below 180.15-177 area looks interesting for longs on retest
RSI and MFI overbought with MFI divergence. RTY hit resistance zone. Garbage stock short squeeze appears to be over now. ECB and Fed speakers tomorrow. Watch out.
I hope everyone is having a great weekend. RTY is in the bull channel all week, similar to NQ’s rising wedge. As you can clearly see, RTY is way oversold on the 4h chart (MACD, RSI); this will get a strong rejection of the next resistance zone imo Looking at the cycle,s we still can push into Tuesday am open to test the major trendline around 1915-18 (depending...
Waaaay overbought but it does have a cup and handle pattern going on. I think we get a reversal tomorrow and a dip Tuesday.... or maybe a dip tomorrow, I dunno. CPI was bullish but I don't chase overbought markets. Will decide what to do Tuesday. Bought some PDD puts just so I watch the market tomorrow. Just guessing that Asians were the ones dumping futures...
Im not currently trading RTY, but it has the weakest structure out of 4 bog indexes. With the today's rally, RTY rallied the lest compare to the ES and NQ, where ES was leading on the upside, while NQ gave up less when it started to sell For those who trade RTY, there is a great short setup is setting up
The price is above Monday's high, which suggests one more push going into the CPI numbers I have mentioned also in my SPX , NQ and ES updates about the possible inverted OCT 13th CPi release move tomorrow. A Gap and Crap full report was posted last night and updated today
The RTY one hour time frame is in a channel. The market is near the top of the channel. As long as the market stays below the top of the channel. It is expected the market to push bearish towards the bottom of the channel. Entry: counter trend line break bearish below the top of the channel. STOP: In the buy zone above the entry. LIMIT: 1756.7 Once or if the...
if i'm right about this, so many people are going to so devastated. most market participants are already completely and utterly distraught, this rally could just simply set them over the edge. --- i'm theorizing a full blown rally in the months ahead, right into april \ may. --- russel200 expanded flat target sits right a the 1.75 algo, which is roughly at...
RSI hit oversold on RTY, ES, and NQ. MFI hasn't yet, so gonna wait to see what happens tomorrow. My guess is still gap down and reversal tomorrow, but the gap down might not happen since RSI is already oversold. My favorite plays still look like crap and AAPL is falling off the tree, so no long positions until tomorrow and even that is a maybe.
NQ filled the open gap but ES and RTY did not. I think RTY needs to go oversold before it bounces and fills. Looks to me like the market is gonna whipsaw sideways this week. No melt up or tank. Powell speaks on Wed, CPE on Thu. Expect whipsaw.
Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- The russel2000, if I'm not mistaken - has thousands of small-cap stocks within it, here's my bearish projection for it. --- My estimated top for the russel2000 = $1876 ~ $2392 High probability target =...
Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- Some may ask, what is the NYSE Index? 👇 The NYSE Composite is a stock market index covering all common stock listed on the New York Stock Exchange, including American depositary receipts, real estate...
Good evening, This post is part of a series of requests i recently received. The request was: "What is your bearish projection on the US stonk market". --- Well, this right here is my primary bear case for the Nasdaq. Keep in mind, this is just a single bear case from my perspective; there's always many different potential outcomes, and it's my duty to...
good evening, in preparation for my next few bear posts, i'd like to talk about the three different types of flats in the markets. the main reason why i'm bringing this up right now, is because the USA Indexes are displaying all three of these patterns currently, so it's important to familiarize yourself with these fractals, for future references. feel...