The big Sunday night gap saw the Russel blow past my target and actually top out at the 127% extension of 1560 rather than the previously posted (linked) 1540 level.
Stock indeces are currently filling much of this major gap, in fact the Russel has already filled it while the S&P500 and DOW and especially the NASDAQ have seen more strength keeping their gaps ...
The small caps have been killed but I think we may be in for a nice bounce targeting the 1590 area for 30 point upside.
Directional Bias: Long
Price Target: 1590 on RTY Futures
Good Entry: 1548-1555
Risk/Reward: Max risk of 10 points/30 point reward.
1. Fibonacci Cluster Red Zone was touched
2. Up Trend was completed by the previous Panic Sell in daily chart
1. Target#1 = 1490
1. Stop = 1600
invest as the predictor...