AMEX:IWM chart analysis/mapping. IWM ETF rally off late October lows on market expectations of the end to Fed rate hikes. Trading scenarios: Continuation rally #1 = multiple gap fill / 38.2% Fib / upper range of parallel channel (green) confluence zone. Shallow pullback #1 = 23.6% Fib / horizontal line (light blue dashed) confluence zone. Deeper pullback...
CAPITALCOM:RTY chart mapping/analysis. Russell 2000 still stuck within trading range despite recent rallies across major US indices. What's on the chart: Ascending parallel channel (light blue) captures upward trend over multi-decade timeframe Descending parallel channel (white) frames downward trend from upper to lower range (multi-decade) parallel...
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...
Ultimately, this is a market that has plenty of buyers underneath, and therefore it’s likely to see more of a “buy out the dip” mentality going forward The Euro initially tried to rally during the trading week but got absolutely crushed as bond yields in America continue to be a major driver of markets. Nasdaq crashed from 15335 Highs down to 14875 as many times...
Allright guyz Please watch also my other last 3 videos,that will mention the way I trade- And hopefully it is benfical for you too. Indices are dropping like I said days ago, Banking crisis and Middle East conflict threathenning. Trading is a decision game, and sometimes taing decisions are really hard... But there are ways how to create your full potential and...
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...
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...
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...
After a huge move up on very little earnings, Small caps (Risk On) have now formed a Head and Shoulders Pattern. Coupled with a number of other indexes that have hit resistance and the fact VALUE has been in vogue of late. The danger light is flashing. Head and Shoulders are continuation patterns in an uptrend and topping at all-time highs. Clearly, the H&S here...
We tried to reject the Weekly trend line but looks like it was a fake out and we might see a breakout. We are sitting right at the weekly trend line with a bull flag on the daily timeframe Entry - 1990 Stop - 1960 (I would like to see a daily close below this level) First target - 2050 Final Target - 2100 Please share your views. Happy trading!
Looks like we have a good opportunity to go short on RTY. Rejected the weekly trend line and looks like we are forming a double top pattern in the 4 hr timeframe. Entry - 1980 Stop - 1795 ( I would like to see a 4 hr close over this level or the red sell zone) First target - 1960 Final target - 1930 Let me know your inputs. Happy trading!
The pain trade in US equity markets remains to the upside, and with the US500 only 9% from the all-time highs, if we are to get test 4800 it will be because the bears fully capitulate. That is certainly a possibility, especially if the market strongly believes the Fed pause again in the July FOMC meeting. Subsequently, if the S&P500 breaks 4450/4500, it will be...
Looking at the calendar for the week ahead and it’s a quiet affair by way of known event risks to catalyse. We have tier 1 idiosyncratic event risks, with the RBA and BoC meetings holding the potential for a 25bp hike respectively. However, I’d expect the central focus to remain on the USD, US rates pricing, US regional banks and whether we see a further positive...
US2000 is rising towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 1753.37 and drop down from here. Our stop loss will be at 1766.20 which is an overlap resistance. The take profit level will be at 1729.46 which is a recent swing-low. Any opinions, news, research, analyses, prices, other information,...
US2000 is rising towards a key overlap resistance and potentially reverse from this level. Price could hit our sell at 1764.48 and drop down from here. Our stop loss will be at 1785.23 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. The take profit level will be at 1736.55 which is an overlap support that aligns with the 50.0%...
RUSS2000 - Intraday - We look to Sell at 1855 (stop at 1875) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. A higher correction is expected. Our short term bias remains negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a...
RUSS2000 - Intraday - We look to Buy at 1910 (stop at 1890) Selling pressure from 1939 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 1900. Preferred trade is to buy on dips. Our profit targets...
RUSS2000 - Intraday - We look to Sell at 1935 (stop at 1955) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Although the anticipated move lower is corrective, it does offer ample risk/reward today. The hourly chart technicals suggests further upside before the downtrend...