Russell 2000 broke again today under the 1D MA200 after failing to close over the 1D MA50 on September 1st. Despite numerous breaks under the 1D MA200, all candles managed to close over it. If today's close under it (first time since June 5th) along with the bearish 1D technicals (RSI = 35.725, MACD = -19.100, ADX = 32.380), we expect the price to drop more inside...
Today's focus: US2000 Pattern – Descending Triangle Pattern Support – 1840 Resistance – 1870 Thanks for checking out today’s update. Today, we have run over US2000, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The Russel isn’t a market I normally watch or trade, but the descending...
... and the rise of financial engineering - manifesting in a generational shift toward pure leverage. "When they look back at this segment of history they will probably ask: What the hell were they thinking?!" Reporter: "How is it possible that the DJIA loses 90% of it's value? ... B.G.: "It is very simple, really. First, it loses 50% of it's value and then, 80%...
2020-21 felt a lot like 99-00 1. Inflated valuations 2. Record high IPOs 3. Retail participation Do we see the same cycle again?
A decisive close below the neckline would spell trouble for small caps in U.S. market
TVC:RUT touched the trend line and got a nice push. The price may sideline here a bit. If the push continues for SKILLING:NASDAQ , the money will start rotating to small caps back again. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
AMEX:IWM Small Caps had a Bullish Daily Close. Tested my support level. Small caps will lead the broader market. The IWM is more sensitive to liquidity. I have been long since the blue arrow. A "double bottom" is a bullish reversal pattern that occurs after a downtrend and is characterized by two consecutive lows at a similar price level, followed by a...
Context: Weekly - uptrend (UT) Daily - downtrend (DT) Last day: Value moved down but left very poor and weak high Special notes: Daily RSI is in oversold. Price at DMA200 support Conclusion: A lot of selling in the last 10 days. Market is getting too short and needs to cover those shorts before moving further down. Last day indicates lack of strong...
A nice bearish fibonacci compression is forming on the Russell 2000. We're currently at the optimal entry point. The indicator can be found in my scripts. Happy trading!
Consumers Expect Further Declines In Inflation Finally! Russel is the dirigent in an Stock rally or Crash Orchestra, as it moves faster and is sensitive. Not this time. Whil S+P500,Nasdaq100 and Dow choosed the bullish trend, for longer time than expected,now Russel starts to ralley. Technically has Russel found a triple strong bullish support, and RSI trend...
AMEX:IWM Trend Line Tested The Russell 2000 index tested its trend line today. This is a significant level, as it is the second time that the index has bounced off of this trend line in that started last year in August 16, 2022.
The IWM ETF which tracks the Russel 2000 index put in an outside reversal, or bearish engulfing, candle today which eclipsed the 6 prior daily candles. When the body of a price candle completely engulfs the prior candle it is called a bearish engulfing candle. Since todays candle also engulfed the 5 candles prior to yesterdays it is called a bearish engulfing...
W Formation formed and broke out in June. Since then, it's been smooth sailing with demand and buying up to the target of 1,973. Moving averages are all up 7>21>200 and RSI> 50 Now it's a momentum trading range where trend traders can continue to hold and ride it up. We will update the trade idea when a new Breakout pattern occurs.
Something interesting i've been noticing in the market since the lowest lows back in October 2022 is that the "new bull market" appears to be activating in stages, kinda like it's going in rotation from one investment class to the next: -Dow Top Performer Q4'22 -S&P Top Performer Q1'23 -Nasdaq Top Performer Q2'23 And if this were to continue then it's entirely...
Primary Chart: IWM on a weekly timeframe with downtrend line and major support and resistance zones Note1: IWM is an iShares ETF that represents the Russell 2000 small-cap index in the United States. Though not as widely tracked as SPX, NDX, or DJIA, the Russell 2000 ( TVC:RUT ) is one of the major US indices. It is likely the fourth most watched US index. Note2:...
The Nasdaq's formidable recovery from the October 2022 bottom resulted in an impressive 42% surge, a rare feat for a major index. However, as it grapples with resistance at the 15250 level this past week, we are compelled to question if this upward momentum is running out of steam. Notably, historical instances where the Relative Strength Index (RSI) soared past...
Tech Surge: AI Stocks in the Limelight The performance of US stocks in the AI sector has been nothing short of remarkable, with over $3 trillion added to its market cap since the final quarter of 2022. The upward trend suggests further potential growth despite a broadly stable or mildly declining US stock market outside the US Megatech sector. The enduring climb...
Hey traders, In today’s analysis, it’s hard to ignore IWM following the 🚀explosive🚀 8%+ move up. Let’s unpack the action as of late via the OFA script : To do so, I am NOT going to apply any subjective type of analysis such as crawing trendlines, counting waves based on what way the wind blows, or any other form of guessing… Instead, we let the formation of...