CME_MINI:RTY1! Next move outside will provide some nice quick movement based on the amount of time growing inside this bracket.
Do you know what to do? CME_MINI:RTY1!
This chart is based purely on technicals from the crash in '87. I'm amazed how consistently markets "mean revert". With no consideration of fundamentals, I think the over extension is happening because of the over correction in '08. No matter how you look at it though, the next crash will be bad regardless of when it happens.
Please reference image. Current candle closes below trend and below Bollinger Band basis. Suggests futher downside. New candle tomorrow.
Taking advantage of a little IV in the Russell with a Put BWB. Trade Setup: -1 IWM Mar 17 134/136/136/137 Put Butterfly @ 0.18 DTE: 31 Max Win: $118 Max Loss: $82 Breakeven: $134.82 Trade Management: I will look to take 50% off this trade if we come down to $136.00 in the upcoming cycle, so around $59. If the market decides to crash, I am comfortable...
If RUSSELL fails below resistance it will drop quickly to the 1280 level
A r(0.942) linear regression on Russell 1000 index suggests an uptrend in the coming months. There are two possible scenarios: (1) the trend continues to travel along the linear regression channel eventually reaching the ~120 level. (2) in a less likely pattern, the price breaks the 5 regression channel, and then bounces back in the strong support level at...
Wave (V) should exceed wave (|||)'s high, but a major three-wave decline should be expected after that. Not the time to join the bulls now.
Long Russell 1000 Value / Short Russell 1000 Growth In a market with declining corporate profits and a stagnant real disposable incomes, growth is scarce. However, with bond yields indiscriminately driving equity valuations towards records across nearly all sectors (both cyclical and non-cyclical) value is even more scarce, and becoming scarcer as multiple...
Seeing technical and fundamental reasons to take a position here... Double bottoming at $10. www.theverge.com Nevertheless do keep a lookout for Russell 2000 to manage your positions accordingly if risk off
The substantial bounce off of 23-21 support at the daily level, as well as failure of megaphone top, means i'm inclined to look for 56-53 res retest. I'll look for profit there and the the megaphone upper trendline, ultimately a hold above 53-56 area should test the long term trendline above. If bears step in heavy and we get back below trendline and more...
The Nasdaq is breaking new high and the Russell and is not even close to new highs. We posted this weekly chart a week ago...is this a clue?
What does this book tell us? Just saying! Time will tell.
We are watching the Russell in this area. It had a nice fake on the break but we think the Russell has not caught up yet. If she does then 1200 could be on the radar screens. If she breaks below the 1138 area then the indexes are in trouble. Keep on you watch list.