Russel 2000 Weekly Volatility Forecast 26-30 September
Currently our volatility for Russel is at 4.3%, increasing from 3.76% last week, located on 70th percentile, placing us in a high volatility environment
Based on the previous calculations, there is currently a 16.7% chance that the asset is going to break the channel(the weekly candle it will close...
1750 within 4 weeks, followed by melt-up to 3000. 40-60% bear market after. 1.618 Fibonacci will be respected in cycle top. Top H2 '22 / H1 '23. Unfortunately, fundamental supporting research is private.
Here are support and resistance levels. Close above 2292 would confirm it's intention to move higher. Initial target is overhead resistance trend line and then 2500. Close below 2161 could indicate short term trend change.
After the huge run in the Russell I am using the index futures to hedge against long equity exposure in the portfolio. I am not bearish on the market on an intermediate term (weekly) basis but in the short term I think its a prudent time to protect against any potential volatility spike or profit taking in the market especially going into a long weekend. My stop...
I am definitely not an expert in Elliott Waves but for the first time I kind of see some patterns in the RUT futures.
The uptrend seems like a ZZ 5-3-5 typical corrective wave. If this confirms, it would mean it is part of a bigger ZZ corrective wave.
I'd like to have some feedback on this...
Thanks in advance!!
