US Russ 2000
Russell 2000 crossed again today overo the 1D MA200 and it remains to be seen if it succeeds at closing above it. After the November 15th crossing but failure to close over it, a repeat may materialize a pullback of at least -4.50%, in similar fashion as the 1D MA200 rejections of May 23rd 2023 and November 1st 2022. Technically that's possible as on the greater...
Quick idea here as we look to get back in a groove with analysis/posts after a very light October. Not going to include a lot of elaboration, but we're looking to take advantage of a swing short (price depending) via a low timeframe (5-minute) RTY supply zone (defining candles not pictured here since sub-15-minute charts cannot be posted). If price approaches the...
Russell 2000 / RUT closed the 3rd green day after hitting the Support A Zone that is holding since June 16th 2022. This is turning into a major long term buy signal and will be validated when tomorrow the 1day MACD forms the lowest Bullish Cross since March. Technically the bullish break out happens after the price crosses over the 1day MA50, but on a broader...
TVC:NDQ looks to be in SERIOUS trouble at the moment. IF this is the case then the SP:SPX likely will follow. DJ:DJI can hold, to a degree but wouldn't bet on it. Let's focus on AMEX:SPY Oversold daily BUT WEEKLY it has more room to go. Also, in comparison to 2022, #stockmarkets are likely FURTHER along than anticipated. The chart we've been showing for...
The Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000 Possible Targets and explanation idea ➡️Global weekly chart RUT. We are in a middle. ➡️Summer 2022 we got signal to buy. ➡️Market mood we are in a depression zone ➡️Direction indicator (whales accumulate, even on covid dump we didn't see this signal) ➡️Take profit...
Russell 2000 (RUT) entered on Friday the wide Support Zone (1700 - 1630) that was formed on the May 12 2022 Low. The 1D candle closed inside it so unlike the bottoms that had wicks that recovered and closed above the Zone, this is most likely similar to the June 16 2022 and September 23 2022 breaches. A low is to be expected around 1640 but the index is already a...
The Russell 2000 has broken down from a Bear Flag that is visible on the monthly timeframe; at the same time, the RSI is breaking below trend and the MACD has flipped Bearish. If this goes like last time, it will result in a deep bearish retrace, perhaps all the way down to the $70s or even the $50s. One thing to keep in mind is that the Russell is heavily linked...
DJ:DJI is struggling here a bit but it looks okay, so far. SP:SPX is in the same boat. TVC:NDQ has been weaker recently but it moved the most out of the indices. But look at this! TVC:RUT is shinning nicely today! Looks like it wants to base here & maybe even move higher! AMEX:DIA AMEX:SPY NASDAQ:QQQ AMEX:IWM #stocks
Something a little different today. Was looking a some stock ratios and decided to regress the standard Russell 2000 against the risky technology index, the Nasdaq. This RUT/NDX ratio has been inside a Channel Down since the Dotcom Bubble send it sky high, collapsing the tech sector. The Channel Down has never been broken since and made a new Low this...
Russell 200 (RUT) has had a big safeguard on the current Bull Cycle following the Housing Crisis bottom in 2009. The symmetrical Zone that was formed on the previous All Time High (ATH) has always held once it transitioned into Support upon periods of corrections (with the natural exception of COVID) and provided the framework for the rebound initiation of the...
Historically, the YELLOW support area NEVER holds when TVC:DXY is on its way back down. HOWEVER, the US #Dollar is showing strength. (this is vs a basket of currencies that are also weak.) 1st time it bounced back this hard. This looks like it wants to keep going, longer term. We'll see. This is NOT good for #stocks (longer term). TVC:TNX has been trading closely.
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...
This is essentially a momentum play where we're seeking a breakout in the Russell 2000 (RUT) compared to the Nasdaq, signifying relative overperformance and potentially paving the way for new highs on the S&P 500 (SPX). It's important to note that a rejection at this juncture would indicate a bearish signal. However, from a pattern probability perspective, the...
As we mentioned yesterday, the TVC:NDQ is poised for a big move some time this month. After posting that, noticed this pattern. Was busy so didn't write it up. Was out all day celebrating daughter & nephew's bday🎉 Do you see it on the DJ:DJI & CBOE:SPX as well? We bring up the Head & Shoulder Pattern every so often. It signifies tops. HOWEVER, this pattern...
If you haven`t bought the RUT 2K regional Double Bottom here: On Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing "a steady deterioration in standards of governance." This downgrade occurred following last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which put the nation at...
How #indices closed last week. TVC:DJI After a BEARISH ENGULFING it then closed Friday with a doji = battle for the bulls and bears which is unresolved NASDAQ:NDX Fighting back but it is still showing Negative RSI Divergence. SP:SPX Suffering from Negative Divergence. We''ll how #SPX trades over the next few days, weeks. AMEX:RSP (Equal weight) was...
Barely more than a week we stated that RISK in #equities was INCREASING. We also gave our thoughts on some #indices . Let's see what has happened since that post: NASDAQ:NDX has cooled off - check TVC:DJI pumped since then - check Likely topping out short term here though. TVC:VIX has been trading sideways - check Does seem like it's beginning to gain...
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.