The daily time frame on the RTY just broke through resistance. I am expecting a 1,000 bullish push towards the daily up fibonacci. Turning to the one hour time frame and looking for counter trend line breaks bullish in the buy zone will be a strong idea .
This is the RTY at the 4 hour view. The RTY is between 2 channels now. The two white lines are the bottom of my former uptrend channel. I'm showing that the RTY is at a crossroads between an uptrend channel and a downtrend channel. The RTY's fate really depends on the financial sector (XLF/FAS).
I'm aiming for high probability, high reward support and...
The RTY at the 4 hour view. Tech shares are finally getting corrected by institutions. Thank God. The NQ was seriously overextended and bloated.
While tech and biotech will be going ultimately sideways for the rest of the summer, this is a great moment for non-tech sectors to grow from the Distribution Cycle.
RTY is filled with non-tech sectors. Investors are...
According to NQ1!, RTY1! and YM1! we are likely in the corrective wave (iv) which might be rather complicated for the bears
Anyway the confirmation of the bearish trend will be after the break of the green bullish trend line (2)-(4)
BE CALM AND and stay on
This is RTY at the 4 hour view.
RTY is at a crossroads. It has a gap below that calling and pulling it down to fill it. At the same time, institutions are selling tech stocks and allocating that money to financials, transportation, and energy.
My plan is to wait for RTY to fill the gap or pullback first. The next upside target for RTY is 1500+. I don't want to...
I'm waiting for RTY to fill that gap. With big tech earnings this week and next week, I figured that this may be an excuse for transportation and financials to pull back.
It seems that RTY is bull flagging instead at the 4 hour. I asked the question: will the RTY fill the gap first then run for 1500+? Or will RTY run for 1500+ first then fill the gap later?
Small Caps have been trading sideways right under the downtrend line forming a bull flag. Buy the dip at 1455 and once we break 1485, Russell could rally to 1550 with in few days. Nice profit if that happens.