Overbought on MFI and RSI on my short term chart, NQ and ES RSI are just barely touching overbought so gonna wait until tomorrow to short.
Slept in because I missed the long boat yesterday, lol. No positions. At this point it's a bit late to chase the pump.
The RTY daily time frame is in an up channel. The
market is near the bottom of the channel. If
support holds. It is expected the market to push
bullish towards the top of the channel price point
2076.3 about +2,840 ticks above the market. It
will be a good idea to turn to the one hour time
frame and to look for low prices in the buy zone.
HELLO GUYS THIS MY IDEA 💡ABOUT RTY1! is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for...
Daily MFI is touching oversold, but if you look at the last drop it went further into oversold. This means RSI could double dip into oversold.
I said this morning the bounce is just a technical bounce. I sad the same on Wed and it tanked Thu.
Nothing good can happen when the market pumps bad news, I think you;d be better off shorting GM or AAPL than hoping for...
How to use related markets to complement each other? Definitely you can apply this technique to other related markets.
In this tutorial, I am seeing Nasdaq as a leading indicator for the rest may likely to follow.
i) Nasdaq bear trend was nicely formed, but not yet for the Dow Jones, S&P and Russell.
ii) Nasdaq in the short-term has also a confirmation for a...
Russell futures settled below the June lows this week and are currently sitting on long term support.
Potentially breaking down from here would accelerate a plunge towards the 2020 lows in the coming month(s).
Wasn't really planning on sharing the arrows, but decided not to delete them. General idea of what I think is gonna happen.
It may start popping up today though, MFI just touched oversold, market acting more bullish. Keep in mind this is a technical bounce, CPE number sucked, and my arrows show another tank on CPI, lol. Plus elections coming up.
Russel 2000 Weekly Volatility Forecast 26-30 September
Currently our volatility for Russel is at 4.3%, increasing from 3.76% last week, located on 70th percentile, placing us in a high volatility environment
Based on the previous calculations, there is currently a 16.7% chance that the asset is going to break the channel(the weekly candle it will close...
Russell futures finding support at indicated BLACK channel structure below and essentially settled this week double bottoming off of the June 2022 low place earlier this year. The overall market has likely oversold itself these past several weeks, some relief could be anticipated however it appears the bears might be here to stay for a while...
First of all, I should've known EUro PMI was coming out, oops.
Anyways, I didn't short yesterday because RSI was touching oversold and this drop was already the same size as the previous drop. (Two red arrows) The fact that the drop is accelerating is bad news.
It seems the Russell is following a pattern from the High made in Nov 2021
The interest thing is the percentage -5/11. It is the exact percentage had from the Jan 2020 top. Is it a simple coincidence?
IF the price get the area 1350 I WILL look for a BUY entry.
In Time point of view, it seems the 3x1 weekly angle is the best one to watch....