RTY UpdateIndicators are neutral.
I don't think it'll rally like I thought so I deleted the green arrow. Every time they stop pumping futures, small caps just drop, like this morning and afternoon.
Probably just drifts sideways until ES and NQ get overbought then goes down with the rest of teh market.
Related futures
RTY UpdateRTY not only filled the Sunday gap but also the TACO gap.
Not sure where the market is headed long term, but I expect a bounce either tomorrow or Monday.
The bearish part is that it's back in the down channel. It has to break back through the purple line to rally. Not sure if it does or not.
RTY UpdateCouldn't even hold the bounce I drew, lol. Expecting RTY to break support and fill the TACO gap. Small caps are always the first to fill gaps.
I don't expect to see much of a gap in either direction tomorrow. Held on to a few puts, just EWY (Korea ETF which is basically shorting Samsung) and CAT
RTY UpdateMFI headed to overbought as expected, movement is small on RSI side. I don't think it'll stay in the upward channel at this rate. Market seems to have lost interest in small caps.
Note that doesn't mean it will tank, mid caps have been sideways since June much like the DAX and rest of Europe.
us2000A trendline got broken, and the price has pulled back to it—keep an eye on it for a possible move up .
Dear friends,
I warmly invite you to like this post, leave a comment with your thoughts, and share it with your friends. Your support truly means the world to me!
Your likes, comments, and shares
RTY Update I expected the algos to pump small caps today because it's at the bottom of the channel that it's been in since April. Went long on ALB after open but bailed on it when the market rolled over before lunch. Made money though, but chart looked to much like yesterday and teh day before to stay in it.
See all ideas
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 nearest expiration date for Micro E-mini Russell 2000 Index Futures (Sep 2022) is Sep 16, 2022.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Micro E-mini Russell 2000 Index Futures (Sep 2022) before Sep 16, 2022.









