RTY Premarket UpdatePosting premarket update because I showed it went oversold yesterday. MFI hit overbought already, don't chase it.
Micro E-mini Russell 2000 Index Futures
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RTY UpdateI said I'd wait until indicators show something before trading, RTY MFI hit oversold before market opened, so I went long today....
but I realized what I should have done is buy IWM call options on open, lol. Next time. RSI is almost overbought, I expect it to go above teh line just like last tim
Short RTY, M2K IdeaI believe if we broke the box to the downside. A huge selloff will happen to 1.5 Standard deviation or 3 Fibonacci level drawn from Friday range
RTY BUY and SELL ZonesSetups i am watching this week
Buy zone - Green arrow (2411-2400) - (swing) confluence for this Green zone
Clean Sweep of 25 - Nov low
Strong support zone in hourly (4h)
TL support
Sell zone - (2520-2510 ) confluence
Clean sweep of PMH,PWH, PDH & 29 Oct High
Resistance Zone
Always enter the Tr
RTY - Bull and sell zonesSetups i am watching this week
Buy zone - Green arrow (2411-2400) - (swing) confluence for this Green zone
Clean Sweep of 25 - Nov low
Strong support zone in hourly (4h)
TL support
Sell zone - (2520-2510 ) confluence
Clean sweep of PMH,PWH, PDH & 29 Oct High
Resista
RTY UpdateRSI and MFI actually hit oversold on the daily, so it got the biggest pump of all. Good retail earnings certainly helped today.
In any case, RSI and MFI are both overbought on the 3 hr, expecting a dip here tomorrow. Not gonna short it though.
The way to play it is to wait until MFI goes oversol
RTY Open GapRTY left an open gap after the 1 hour break.
That's gonna fill, it's coming back down.
Note: 15 min chart, ignore indicators
RTY UpdateMFI hit overbought already, but they're pumping it anyways on NVDA earnings which really has nothing to do with small caps. Jobs report tomorrow though.
This remains the index to short, but I'll probably wait until Monday.
Analysis for What’s Coming - AI Bubble Sentiment The US markets have been described as “on a rally” for quite some time. I would not agree if it is meant to describe the overall US market, but would agree if it refers specifically to AI or tech stocks. Why?
Among the four major US indices, the Russell—representing a much broader base of US-listed
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Summarizing what the indicators are suggesting.
Neutral
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Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Micro E-mini Russell 2000 Index Futures is 2,524.7 USD — it has fallen −0.21% in the past 24 hours. Watch Micro E-mini Russell 2000 Index Futures price in more detail on the chart.
The volume of Micro E-mini Russell 2000 Index Futures is 5.08 K. Track more important stats on the Micro E-mini Russell 2000 Index Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Micro E-mini Russell 2000 Index Futures this number is 35.31 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Micro E-mini Russell 2000 Index Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Micro E-mini Russell 2000 Index Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Micro E-mini Russell 2000 Index Futures technicals for a more comprehensive analysis.