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...
W Formation formed on Russell 2000. I missed the boat on this one. There are just so many markets so little time to focus on. It had the perfect buy setup with all the criteria. Anyways, those that got in, there is more upside to come. 7>21 Price>200 RSI>50 Target 1,973 ABOUT THE RUSSELL 2000 The Russell 2000 is a stock market index that measures the...
Investing in exciting and promising prospects, such as all-healing biotech or artificial intelligence and robotics companies, where investors look for stocks with interesting stories, is all the rage right now. In the long run, however, this is not always a good strategy, as most of these stocks do not generate sustainable profits and eventually disappear into...
This idea is based on Wyckoff's accumulation schematic. The current accumulation count yields a much higher IWM target. All info is on the chart. Good luck.
AMEX:IWM has a lot of bank stocks in the #russel2000 and is up over 2% today. Pierced the 50% Fibonacci level today. This tells me the #Federalreserve will pause tomorrow. #jeromepowell
A few weeks ago a there was a setup exactly like this on the Russel. Indices were over extended, price took out prior day high. Price might take a few hours to fall,
If you check my previous post about AMEX:IWM you will see that I signaled the potential for a lower high here. This is no confirmation of that being correct just yet. I just thought the opening of the week was extremely interesting. Check out the Equity Channel Podcast on Apple, Amazon and Spotify for more information on trading and investing.
Pay close attention to the weekly trend line and the 200 days MA line Going down? Or are we heading toward a massive rally? Time to make some decisions!
The 3x Bearish Return ETF for the IWM is currently showing Hidden Bearish Divergence on the weekly at the 55-week EMA, and it looks like if this Hidden Bearish Divergence plays out we will see the ETF fall below the B point and begin to accelerate its Bearish Wave Structure which would complete between the 1.272 and 1.618 Fibonacci extensions. This would mean...
As the S&P 500 and the NASDAQ rally into the green for the year, the Russell 2000 (aka the small cap index) has lagged behind and is barely green at +1.03% YTD for 2023. One of the reasons why this index hasn’t been doing well can be attributed to the index’s 15.18% allocation in the Finance Sector. Failing regional banks such as Silicon Valley Bank ( NASDAQ:SIVB...
This will be the 2 questions we will be discussing today 1. So, what is happening on this divergence and its implication? 2. And who is leading who? a. Large cap leading the mid-to-small cap market? Or b. The mid-to-small cap leading the large cap market? The answer: The mid-to-small cap is leading the large cap market and why is it so? If...
We got a nice rejection of the Daily sell zone. Looking for continuation to 1745 and then ultimately 1700. Entry Price - 1774 Stop loss - 1800 (I would like to see a strong close above 1800 level. First Target - 1745 Final Target - 1700 Please share your views. Thank you
Russell & SPX are valued against gold on this graph. It is the first spread graph analysis that uses the Russell index . I used it to represent mid-sized firms, which are arguably a better representation of the overall health of U.S economy (particularly banking stability); and SPX . Considering the ongoing USD turbulence, Gold historically and...
Russell represents the true economy of United States. There are 2,000 medium size companies with each value between $300m to $2b. The index includes a diverse range of companies from various sectors, including financials, healthcare, consumer goods, industrials, and technology. In my opinion Russell represents the true economy of united states. If the bank run...
🖼 Daily Technical Picture 📈 ➤ Sharp drop in equities accompanied by a spike in the VIX. It seems the market didn't like the taste of abnormal low vol. It wanted things to get back to "normal". As a Trader, "normal" is good although sometimes we end up on the wrong side like today. Bring back the Volatility. ➤ The Strategy did as it should by halving the position...
🖼 Daily Technical Picture 📈 ➤ An attempt to break above the Feb high fell flat. Literally. Equities ended where it started, slighty down from Friday close. It isn't a good look. ➤ Over the last few days, there has been a deceleration in the up move evidenced by the smaller candle sizes or price bars. It's like a car decelerating towards a known barrier ahead. It...
Traders, We have now touched the underside of our macro uptrend (3) three times and the bulls have been unable to break to the topside again. Is is time for them to sit the bench for a few weeks, get their wind back, and let the bears take us back down to retest that 200 day one more time? It might be. Stew
The recent failure of First Republic Bank highlights the problems facing the US banking system. These problems include the continued increase of delinquency rates on Credit cards, Commercial Real Estate & Automobiles, as well as a decrease of commercial bank deposits and M2 money supply (-4.2% YoY). These problems, among others, are causing banking institutions to...