If you followed my previous posts, you will know my sentiments on this. Today the background signal went reflationary with foreground bearish. is it a probable buy the dip opportunity? Because I believe Q4 will be good for Russell, and if DXY falls, even better Let's see how this plays out, I will try and buy the dip today Check my profile and previous posts to...
at the first look, it is pure sideways, and not good for trade! But you can fit a sine wave into this chart and because of the 10-12% range, it could be a good trading setup at the extreme points!!! Watch it closely in the next 2-3 weeks for a potential buy opportunity!
September 2021 was a horrible month for major indexes, they experienced the biggest decline since February 2021. September performance: S&P 500 (-4.76%) NASDAQ 100(-5.73%) Dow Jones(-4.29%) Russell 2000(-3.05%) Chance of making money by opening long positions in September was really low! I believe raising the debt ceiling by Oct. 18 could bring market out of...
The Russell 2000 has been in a year long consolidation pattern - w/ price finding supply above 2315 & demand below 2165 - We are currently opening the month inside last months & last quarters value - which makes price action neutral at the moment - BUT price held up well durning this latest equity selloff showing some relative strength & a possible short term...
US2000 Up move continue bounce of trendline. Short term and long term limits
RUSSEL 2000 expected to outperform all US Index in next Upmove ..... Maximum down is 2125...
Let's Review My posts About September 2021 before it happens: 1- August 24th, 2021: What is "witching" and why is it quadruple? Conclusion: We can use this data to find the seasonality of the market! This could help us make better decisions especially in the weeks leading to Quadruple witching. 2- September 2nd, 2021: The market does not like long...
With NAS and SPX making Lower Lows it time to be on the look-out for RSI Divergences, Volume and a reversal pattern. The prospective i-H&S pattern on NAS was swamped by Russell confirmation of a H&S: as the Vix breaks out a pennant. The game changes Vix +20, in this case resistance is being met with instant selling pressure.
The Russell confirmed an H&S with quick support after the break. Russell 2000 on watch in concert with NAS and the 10 Year Note.
The distribution is currently underway with SPX breaking it's bear flag to the downside. NAS and the Russell are showing mirrored patterns; NAS is working on saving a right inverse shoulder and Russ challenging the neckline of a H&S
9.28.21 Advice for Countdaamoney using his chart..........................................................................
RUS2000USD continuing down side after an abc flat correction. Limit is at daily support.
We are at the PCZ of a bearish 5-0 and the weekly candle which is currently opened is as of right now a Bearish Harami but it hasn't closed yet but since i like to speculate and get the best price i will be entering a bearish position tomorrow in anticipation of the weekly closing bearishly and i suspect that it will make a lower low down to the 0.886 retracement.
All major indexes started the week with a down gap and have continued sinking so far. These are the fact we should pay attention to: 1- 4786 out of 5816 traded assets are trading at lower prices today, 82.2%. 2- All major indexes trading below their 50 days moving averages 3- They are all trading near to the lowest daily numbers, which shows they are not settled...
Independent Producers are being systematically crushed, slowly being wiped off the Competition Map. The Map itself is on a well defined Roll Up. Wreck them, collect them. Master of the obvious type stuff I know but many seem to cling to their hopes. The RUT has a large composition of Mixed Bags to hold. Weightings: Consumer Discretionary @ 13.1% Financials @...
Look at analysis. The Russell 2000 futures are clearly forming the classic "running Giraffe" Pattern. In all my year of charting, this is certainly the clearest this pattern has formed. Please tell me if you disagree.
A price action above 2250 supports a bullish trend direction. Remains above its 200-day simple moving average. Upside price potential supports the bullish trend. Improving bullish trend according to Heikin Ashi. Might see a scenario of walking of the Bollinger Bands Note the price action that is low according to the Linear Regression channel pattern. This also...
I have not posted in few weeks and why is because I have working on new strategy. Everything I know of trading I learn from my brother honestly. He is the best trader I know and smartest person I know. He mentors me with trading. Much more in the past than now because I am a much better trader now. But he still helps me. He bankrolled my first trading account with...