AMEX:IWM chart analysis/mapping.
IWM ETF rally off late October lows on market expectations of the end to Fed rate hikes.
Continuation rally #1 = multiple gap fill / 38.2% Fib / upper range of parallel channel (green) confluence zone.
Shallow pullback #1 = 23.6% Fib / horizontal line (light blue dashed) confluence zone.
Russell 2000 crossed again today overo the 1D MA200 and it remains to be seen if it succeeds at closing above it. After the November 15th crossing but failure to close over it, a repeat may materialize a pullback of at least -4.50%, in similar fashion as the 1D MA200 rejections of May 23rd 2023 and November 1st 2022.
Technically that's possible as on the greater...
Quick idea here as we look to get back in a groove with analysis/posts after a very light October. Not going to include a lot of elaboration, but we're looking to take advantage of a swing short (price depending) via a low timeframe (5-minute) RTY supply zone (defining candles not pictured here since sub-15-minute charts cannot be posted). If price approaches the...
CAPITALCOM:RTY chart mapping/analysis.
Russell 2000 still stuck within trading range despite recent rallies across major US indices.
What's on the chart:
Ascending parallel channel (light blue) captures upward trend over multi-decade timeframe
Descending parallel channel (white) frames downward trend from upper to lower range (multi-decade) parallel...
Wow, isn't it amazing how high the SPX and other indices are right now? The rally from 4118 didn't quite create a solid base, but I truly believe that the market is heading even higher and showcasing the strength of the US market. Sure, there may have been a lack of volume during the rally, but that doesn't dampen my optimism at all. Despite the reports of...
Primary Chart: IWM / Russell 2000 Weekly Timeframe
The Russell 2000 (IWM) is often a leading indicator in US markets. It led to the downside in early November 2021 after a false breakout out of its 2021 topping-pattern's resistance around $234. SPX topped nearly two months later on January 4, 2022. While small-caps are not necessarily always the first to make a...
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DOW and Russel showed Buying in the few sessions in the LAST WEEK and today S&P500 and NASDAQ have joined in. UMVD or Unusual Market volume Detector is showing GREEN for all 4 Indices today. Also, US Market Strength Index (US MSI) is showing green in todays session.
Now TREND IS STILL DOWN as seen with the Red TrapZones so, Bulls have a lot of work to do still.
The Russell is at a potential attractive buy area for long-term investors.
The Russell ( FX:US2000 ) stock index is in a retrace move. Price is currently between the monthly 50 and 100 SMA's.
Historically, buying when the price is between the moving averages has been a favourable entry area for long-term investments.
Russell 2000 / RUT closed the 3rd green day after hitting the Support A Zone that is holding since June 16th 2022.
This is turning into a major long term buy signal and will be validated when tomorrow the 1day MACD forms the lowest Bullish Cross since March.
Technically the bullish break out happens after the price crosses over the 1day MA50, but on a broader...
Russell 2000 Testing key level. Would make sense to get a bounce from here, but the 2 year downtrend clearly shows bear pressure. If we break 159 next target is 145
If we get back inside of the triangle, I think this analysis is invalid and we might continue upwards
ps. This is weekly chart so this will take time unless we get some kind of catalyst
As mentioned in several of my previous posts and last video, SPY has now reached its downside target. This level at 410 provides strong support and correlates with our level of support on the RSI. I expect this week to be an up week for the S&P 500 and the stock market in general.
Nasdaq very volatile busy , but interestingly volatile Week
What will happen tomorrow?
Where does it go to?
Which targets could be interesting?
Ask your questions. Put comments. Lets discuss.But with Respect.
Please watch also my other last 3 videos,that will mention the way I trade- And hopefully it is benfical for you too.
Indices are dropping like I said days ago, Banking crisis and Middle East conflict threathenning.
Trading is a decision game, and sometimes taing decisions are really hard...
But there are ways how to create your full potential and...
Watch the previouse 2 parts please. This indicator confirmed very nice bullish, bearish, reversals and also Taking profit levels. Today? Well odds and signs are in favour of the Bears: But hey.Trend can change immediately.
The Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000
Possible Targets and explanation idea
➡️Global weekly chart RUT. We are in a middle.
➡️Summer 2022 we got signal to buy.
➡️Market mood we are in a depression zone
➡️Direction indicator (whales accumulate, even on covid dump we didn't see this signal)
Russell 2000 (RUT) entered on Friday the wide Support Zone (1700 - 1630) that was formed on the May 12 2022 Low. The 1D candle closed inside it so unlike the bottoms that had wicks that recovered and closed above the Zone, this is most likely similar to the June 16 2022 and September 23 2022 breaches.
A low is to be expected around 1640 but the index is already a...