The Russell 2000 ($IWM) is once again back to this 210 band of prior support. We've seen buyers step in around this this level about half a dozen times this year. We're also closing below the lower Bollinger Band. The million dollar question: Is this time different? Place your bets!
Tapering should not stop this index to reach the moon. FED still keeps printing anyway. Meanwhile, business and economic environment will be getting better from this good momentum.
Good day guys! This is just an update in regards to this trade I put out over in the morning. We did get the RSI divergence to the zone that was marked and our entries were placed. We are currently up 118+ pips in profit. If you were able to get into this position, be sure to trail your SL into profit. Do not be surprised if you see price head higher to form a...
Russell 2000 index recently dropped below post-covid crash rally support line and 180-day moving average at the same time.
*Not financial, trade, nor dating advice. This is a snipe of an asset that has been severely impacted by Covid lockdowns and, in so saying, could be an extremely volatile play if a variant makes headway through Summer and Fall. I don't have a prediction on when this trade may play out, but I'm getting very interested what I see on the chart. It's in a great...
My answer to this question is Yes..! It is highly likely that we were experienced the Melt-up in Small caps between March 2020 and February 2021 in the small caps! The sharpest move (+144% in 12 months) in the past 23 years! What Is a Melt-Up? A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class,...
As Independent Producers are failing one by one.... The Gamblers continue to BID the Russell 2000. When this fails, it will lead. The declines in the RTY will outpace all other Instruments including the distant 2nd, the NQ. Patience, HUGE Trade setting up here.
Although stocks are up 100% from their March 2020 lows and up 200% from their 2000-2008 peaks, I still think there is an even bigger move coming. The way the system is structured and the direction the world is heading are all telling me that we have more upside. But will there be a break? I think there will be, but it will be a buy the dip opportunity. In my...
I everybody. It been a while since I posted and 2 reasons for this. First, my new position has me running around like sheep, and 2 I haven't trade to much lately. But Boy oh Boy when I have taken trade they have worked out big for me. You see my last oil trade and how much I made on selling it. Well after I exit I rode it hard on the way back up and exit at...
This is fast becoming the Gift that keeps on Giving. We closed out Buy To Open Positions an are now employing an Inverse SELL to Open Ladder from 2273 to 2335. We are using M2K as a Hedge IF need be - low probability imho. Our target for the RTY remains Sub 2K, there has been aggressive Support Mechanism for the RUT, we see it as an enormous Gift :)
Jobs numbers at 8:30 AM will set the tone for the rest of the week. RTY has shown strength at the bell followed by a dip that coincides with NAS mid-morning recoveries. The 10 Year Note gained to 1.259%, but seems to be reluctant to make a run to the upside. With tech earnings winding down will this RTY pattern be the rotation vehicle for a bit more mega-cap...
7.28.21 Russll, dxy, gold : showing you the quick overview, starting the conversation on "optical Illusions"...and how to factor it in to you decisions.
Proceed with Caution! The market can move -150 ticks based on monthly! Short Term: Daily is U-turning 1H is confirming that Stop losses have been taken and is ready to Skyrocket /Fundamental: Earning reports have been coming in {Double confirmation}
Russell2000 is moving higher in the major daily uptrend with daily up fibonacci ABCD 1,618 D extension @ 2590. Since 2021 February index is consolidating in the daily range with support @ 2100 and resistance @ 2310. Last week it tested daily range support and bounced off it. So now it is moving to daily range resistance. On 1h it started to form an up trend line....
Tech earnings are here with the market at all time high. Watching this week to see if small caps join the melt-up.
The combination of RUT and DTX has created a rising wedge. Price has broken down out of the wedge. These two indices are known to lead the broader market, so their topping in early June is interesting. Price topped in coordination with an RSI divergence before breaking down from the lower trendline of the wedge. This seems to have a good chance of going...