US2000 shows RSI divergence on the daily chart. In my opinion the price will fall to February 2020 highest price around 1700.
Open: Market open
SL: 2155
TP: around 1700
a massive H&S for IWM/Russell is forming
next days SHORT to 148/141 levels
LONG from there to a second shoulder till mid December
final DROP to March lows in December
Mt Everest reached! Officially 1647
This should be a TOP of a massive H&S 1608 - 1647 - 1608 pattern
Short to 1550/1520/1490/1430 levels UP and ZIG ZAG from there to 1608+
Nov 6th - the presidential election - should reach the second shoulder levels
the BIG DROP should be around 8th/9th December in this scenario
1620 is local top on RUT
H&S pattern to 1490 levels
after that ZIG ZAG uptrend to 1620 levels
final crash after Nov 6th from 1620
SPX, NQ in similar pattern
next days UP to 1550 and 1570
Oct 7th local BOTTOM 1480
long term UP /ZIG ZAG sideways/ to 1600 election day 6th November
SPX, NQ tracking a same pattern
Today is a bottom on RUT/US2000USD on 1450.
We can see H&S reversal. LONG/SIDEWAYS till an election day November 6th.
It is going GAP UP to 1500 tomorrow overnight.
Than sideways up to 1600 level on the election day. Falling to lower levels afterwards.
Today is starting a second FED EAGLE wing. A very unique pattern! :)
A timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in.
Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that...
