The E-Mini Russell 2000 One hour time
frame is hitting an up trend line. If the
market bounces bullish the next future
high price should be 1579 about +150 ticks
That is a reward of $750.00 trading one
E-Mini contract at $5.00 a tick.
We ended the late June to July 15 Seasonal trade with a huge bang... except Russell 2000 lagged terribly. Notice the potential rejection of the June close here along with the top rail of the big wedge.
Seasonality starts July 15/16 and Russell along with DAX are the worst performers.
The E-Mini Russell 2000 one hour time frame
is in sideways movement. The market is at
the bottom of support price point 1560 and
is showing signs of a potential up push.
A potential entry would be to wait for the
market to close above the counter trend line
bullish. The future resistance price point
1580 about +170 ticks away may be a great
exit for potential...
The E-Mini Russell 2000
One hour time frame has shifted from side ways
movement to a down channel. The market is at
the bottom of the channel and is showing signs
the market could push bullish towards price point
1566 about +158 Ticks away. Which is around
$790.00 of profit opportunity with one E-Mini
Contract. Stops can go below the bottom of the
Currently we are in a ABCDE formation down. Next target is 141 USD, where it will make a corection up to 151 USD for the (e).
In my last post i noted that transportations are also expecting a correction down, which should take IWM with it. Therefore the larger target of IWM is 112 USD. Best case Scenario we are looking at a target of 99 USD.
The Stochastic Pop was developed by Jake Bernstein and modified by David Steckler, who wrote a corresponding article for Stocks & Commodities Magazine in August 2000. Bernstein's original Stochastic Pop is a trading strategy that identifies price pops when the Stochastic Oscillator surges above 80. Steckler modified this strategy by adding conditional filters...
The one index that has been showing true signs of the economy.
Price to HMA position is indicating short.
Price projection from the Bull RSI returning into neutral territory indicating weakening strength is targeting 1526.66
The consolidation range which has lasted a couple of week is broken to the low side.
Caught in consolidation at both the daily and weekly levels.
July 12 has a weak projection of 1583
The consolidation levels are:
Daily: 1552 - 1586
Weekly: 1517 - 1586
Range for the coming week: 1541 - 1630
Long-Term pattern suggests that after previous dilution, Eyepoint's stock price went range bound for quite awhile before breaking out.
This marks potential accumulation range for anyone looking to build a position in EYPT.
Ranges make for good swing trade positions (especially 20%+ both ways) and a way to average down.
Range low/ highs, range from $1.42 - $1.87...
Consolidation has been established with a range of 1548.12 - 1586.77
For the technicians out there who like patterns. A Pivot High was just completed. So, look at the bottom of the consolidation range for your breakout signals.
Anchor bar on the consolidation is a positive bar which suggests a 70% chance of breakout to the top.
Coupled with the pivot high - I...
Personally endured an internet brown out this weekend. This is getting released late.
Noticed immediate change in strength of the Russell after reorganization.
No new projections this last week.
Bullish going into the weekend.
G20 announcements are exciting for the market.
Expecting a range this week of between 1542.80 - 1629.23