Technical & Trade View Russell 2000 (e-mini futures contract) Bias: Intraday Bullish Above Bearish below 1785 1806 Target Achieved..New Pattern Developing Technicals Intraday 1785 is primary support Primary upside objective is 1882/92 Failure below 1780 opens a test of 1760 H4 Value Area High 20 Day VWAP bullish, 5 Day VWAP bullish
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend. RUT Russell 2000 is oversold at the pre-covid level right now on a double bottom chart pattern. My price target is $1805. Looking forward to read your opinion about it.
"Russell 2000 / M2 Money Supply" ratio 1) It moves in a horizental trend in the long-term. 2) %20 discounted compared to 500 days MVA. 3) Nearly touched a major long-term horizental support. Of course it can also move more downwards if the crisis/war deepens but we can say that the probability of upwards move is more likely. First target: 0.095-0.100
IWN as shown on the weekly chart has been obviously in a downtrend as also shown by the EMA ribbon. Using the uptrend from the Covid crash into November 2021 and then a retracement from that, IWN is approchaing the 38.2 Fibonacci level at 128 From there it could bounce up or continue the downtrend. The Mass Index being below 27 suggests a continuation before...
Trade Idea: Buying US2000 Reasoning: Oversold RSI on the daily, looks to be putting in a short term bottom Entry Level: 1685.0 Take Profit Level: 1759.0 Stop Loss: 1661.0 Risk/Reward: 3.08:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
HELLO GUYS THIS MY IDEA 💡ABOUT RTY1! is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the Seller from this area will be defend this SHORT position.. and when the price come back to this area, strong SELLER will be push down the market again.. DOWNTREND + Support from the past + Strong volume area is my mainly reason for...
Trade Idea: Buying US2000 Reasoning: RSI bullish divergence, looking for a bounce on indices today! Entry Level: 1789 Take Profit Level: 1829 Stop Loss: 1776 Risk/Reward: 3.08:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
The RUT ETF crashed with the COVID market phenomenon but then recovered better and faster than the SPY in 116 % of price appreciation in less than the one year that followed. Since then RUT retraced about 1/2 of that uptrend. Presently on the weekly chart, the price is relatively stable. The RSI bottomed out in the oversold territory and is now in...
Trade Idea: Selling US2000 Reasoning: Looking for selloff to extend - targeting 61.8% fib level Entry Level: 1989.0 Take Profit Level: 13512.0 Stop Loss: 1953.0 Risk/Reward: 2.77:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Reacted to the 2022 bearish channel.. How down will we see that?
russell 2000 rebounded from june 17 low ,developing a ABC correction. And very close to finished the 5th sub-wave of C. It's time to short it when the ending diagonal breakdown.
The truth is that it is a buy whenever the VIX gets close to 20. Since November, and especially since the war in Ukraine broke out, I've said that the VIX below 20 is a steal. The VIX has just had a mini jump because of Pelosi's visit to Taiwan, but if nothing happens between the US and China, it could fall lower. Personally believe that stocks have another 7%...
There's so much going on right now, but I think this chart sums it up for assets in general. This is a fairly simple idea I fantasized a while ago and it played out to my surprise. Every once and a while, the percentage of bullish stocks doubles, and then a selloff happens. Unless we can break this symmetry and make a clear break above 25, we should not expect...
Looking at the net positions of the Commercials (Red Line), the Russell 2000 is at record high levels. Additionally, the small speculators (Blue Line - tough to see but it's blown up on lower indicator)) are very short compared to historical levels. The COT index on the bottom shows dark green when both commercials are maxed net long and small speculators are...
When the market range, it is telling us they are lost with the main direction. And we are seeing that between all the US major stock indices and many stocks since the second week of May. Prices basically still trading around the same price since then. In today’s tutorial, we will discuss: • How to identify when market started to enter into a range and • Which...
Some people say that things are getting cheap. I agree, they are in the process of getting cheap, but we're not quite there yet as far as historical bottoms go. The Russell isn't that cheap yet, still twice as expensive as in 2009. Unless a true miracle happens, it's hard to see any upside in this market as far as real wealth terms(as opposed to numerical price...
Trade Idea: Selling EURJPY Reasoning: EURJPY to continue lower? Broken trend and EUR under pressure Entry Level: 1752 Take Profit Level: 1794 Stop Loss: 1741.5 Risk/Reward: 4.15:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
In this update we review the recent price action in the Russell 2000 futures contract and identify the next high probability trading opportunities and price objectives to target