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 away. That is a reward of $750.00 trading one E-Mini contract at $5.00 a tick.
Alright everyone here is a clean video of what will soon happen in the markets. I will keep everyone up to date with this situation! 30% drop is on the way.
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
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...
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
CURRENT LEG SUPPORT A STRONG MOVE DOWN 2700-2500 RANGE CURRENT DOUBLE TOP CURRENT OSCILLATION TURNING POINT WITH A LOT OF HANDS HEAVY LONG SUPPORTED BY CHINA TRADE MEDIA PUMP ES COULD VERY WELL SMACK DOWN INVESTORS 3RD QTR 3000 IS STILL A C>D TARGET CURRENT MOVEMENT IS B>C A>B HAS BEEN SATISFIED TWICE WHICH MEANS A DOUBLE TOP
Small caps rejected the high before the other indexes. Indicating a close below the 34 HMA to cover and long positions and prepare to short. The Bull RSI has indicated a price projection of 1504.95 The BSI has indicated a price projection of 1470.63
The E-Mini Russell 2000 One hour time frame entered into an up channel. The market is now at the bottom of the channel to where the market could extend to the top. The future high price could be 1566.80 about +319 Ticks away which is $1,595.00 for every one contract traded. I am going to use the tunnel trader for entry as the market extends to the top.
There is an old traders tale that says something to the nature of, if a price tries three times to break a support or resistance level, yet fails, it will retreat the opposite direction. January 2018, the DJI tried to break above 27,000. It got to 26,616 before it retreated. Not enough strength. October 2018, it tried again and got to 26,951 before it...
Russell appears to be tired of being melancholy and has issued a projection out of the consolidation. It isn't big or aiming for the moon. However, it generated a signal for ~1552.39
Russell 2000 is showing a MEH attitude and holding on to a target of 1328.75 Failing to rise like the other three indexes. Russell seems to be the turtle in the family at the moment.
Could Russell 2000 be looking to break down & tag 204 Month SMA?
The index has bounced this week off the 1,458.00 Support which was the contact point on October - November 2018. This is a cyclical buy opportunity on 1D and an early long signal as 1D is still neutral (RSI = 44.642, ADX = 33.294, Highs/Lows = 0.0000). We are long on RTY targeting 1,590 (Resistance). If this bullish sequence later holds the 1,498.80 - 1,514.20...
Although I strongly discourage the action of shorting in my personal strategy this doesn't keep me from speculating on the possible price fluctuation of the index. Viewing recent recessionary signals such as the inverted yield curve, raising tensions in the US-China relation as well as US-Mexican relations I've come to the conclusion that there might be something...
Russell 2000 Index Negative Divergence & possible death cross indicating potential selloff ...!