Int his update we review the recent price action in the Russell 2000 (futures contract) and identify the next high probability trading opportunity and price objectives to target.
Short Term Outlook in Russell Futures (RTY) suggests the rally from February 24, 2022 low is in progress as a 5 waves diagonal Elliott Wave structure. Up from February 24 low, wave ((i)) ended at 2071.30 and dips in wave ((ii)) ended at 1911.80. From there, Index resumed higher in wave ((iii)) which ended at 2097. Internal subdivision of wave ((iii)) unfolded as a...
RUT Russell 2000 bounced from the strong support of $1940 and is heading to the $2180 resistance. I also think we might see the end of the war soon. Russia says the first phase of its “military operation” in Ukraine is mostly complete. Looking forward to read your opinion about it.
I count 8 resistance and still below the 200Day exponential and simple averages. It's great place to the put short position.
1750 within 4 weeks, followed by melt-up to 3000. 40-60% bear market after. 1.618 Fibonacci will be respected in cycle top. Top H2 '22 / H1 '23. Unfortunately, fundamental supporting research is private.
Looks like the RUT 2000 possibly finished a wave 4 triangle. If we take out yesterdays lows that should confirm.Look for new lows next week.
$IWM Key Levels, Analysis & Targets My targets for the next swing. Target 1- 184.57 Target 2 - 159.26 Support around 142 (not labeled today) Let’s see what the IV is at the time when it hits to determine sell targets. GL & happy swinging… ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red)...
Will be interesting to see if this level is support for a while. Also the RST I drew last year sure worked , wow if it sees the high line.
small-cap stock market index (ONE TO WATCH) TVC:RUT RUSSELL:RUT AMEX:IWM CME_MINI:RTY1! AMEX:IWO OANDA:US2000USD...
In this update we review the recent price action in the Russell and the Dax and identify some high probability trading patterns to take advantage of
The Russell 2000 index lost all its gains from 2021 and is now at the pick of December 2020. I expect 2022 to be the year of this index, that has a lot of undervalued gems, like 2021 was they year of the Big Tech with high multiples. Looking forward to read your opinion about it.
Looking about cooked for now. 2/5 Setting up. The 2282 was a brilliant SELL, it simply collapsed from there 250 Ticks. __________________________________________ Small Caps have no real hope, nor access to Capital. Later in 2022 after 5/5 completes, this Index will lose 90% of its Price Value.
The Russell is even cleaner than the Nasdaq. Two major buy / sell areas on the chart. So far the Russell has been playing the game of chop. Sweep the lows, sweep the highs and move in the other direction. The same way we had a failed breakout, we could get a failed break down. Best place to sell 2310-2360. Resistance/Gap combo and the real direction for now is...
We are in the middle on the never-ending triangle on the daily chart. There was a false breakout a couple of weeks ago but it seems bulls are strong enough to break out this triangle once and for all. For swing traders, sell with an adjusted stop loss and for long-term traders, buy if there is a correction to the lower part of the triangle (2155) or after the...
The Santa Rally is set to start on Monday, Dec. 27. This period gave positive return for the S&P 500 78.9% of the time. Since 1950, the average return of the Santa rally was 1.33%. How do you think this will be reflected in the Russell2000 index? The reasons could be optimism over the new year ahead or holiday spending.
Just to be consistent, when I publish my monthly fib retracement is in Red, weekly in Blue and short term in Pink. Perfect reversal from 23% monthly fib level and today it has touched 23% weekly fib level and now moving towards 38.2% weekly fib level. In my view if there is a correction before it goes higher from here then that should be helpful for an nice entry...
IWM has been in a range for 329 days. It has tested the lower boundary 7 times. Many analysts now believe that 2022 will see a rotation back into value and small-caps, after 2021 was the year of the big tech corporations. Elliott: The range makes it difficult to determine a clean count, however we can count 5 waves to the downside in the last swing from 8 Nov....
Short-term Elliott wave view in Russell (RTY) shows a lower low bearish sequence from November 8, 2021 high. Decline from November 8 high is unfolding as a zigzag Elliott Wave structure where wave ((A)) ended at 2136.8 and rally in wave ((B)) completed at 2279.83. The Index has extended lower and broken below wave ((A)) suggesting wave ((C)) lower has started. The...