Reversal on the Russell the market for the Russell should be going higher I'm using all the tools including the extensions. the retracement, what it means to have expansion and looking for trade location for buyers and sellers, and looking for ABCD pattern reversals.33:58by ScottBogatinPublished 3
What does AI Fatigue look like for Indices? What is moving lately? Tech stocks in Nasdaq and S&P are down, whereas traditional stocks in the Dow Jones and the smaller-cap stocks in the Russell are holding well. Micro E-Mini Russell Futures and Options Ticker: M2K Minimum fluctuation: 0.10 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Short06:19by konhowPublished 3
Russell 2000 (RTY) Looking to Resume Bullish TrendShort Term Elliott Wave in Russell 2000 (RTY) suggests that rally to 2304.90 ended wave 3. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave (i) ended at 2246.1 and wave (ii) ended at 2285.50. Index resumed lower in wave (iii) towards 2206.80 and wave (iv) rally ended at 2224.20. Final wave (v) lower ended at 2193.6 which completed wave ((a)). Rally in wave ((b)) ended at 2221.80. Wave ((c)) lower ended at 2188.01 which completed wave 4 in higher degree. The Index still needs to break above wave 3 at 2304.90 to rule out a double correction. Up from wave 4, wave (i) ended at 2274.50 and pullback in wave (ii) ended at 2202.20. Wave (iii) higher ended at 2288.80 and pullback in wave (iv) ended at 2251.10. Final leg wave (v) ended at 2298.10 which completed wave ((i)) in higher degree. Wave ((ii)) pullback is in progress to correct cycle from 7.22.2024 low before it resumes higher. Near term, as far as pivot at 2188.01 low stays intact, expect pullback to find buyers in 3, 7, or 11 swing before the Index resumes higher.by Elliottwave-ForecastPublished 1
Getting ready for the FedThe selloff on Tuesday for the S&P 500 implies a market getting ready for the Fed announcement on Wednesday rather than a weak market. How the market will respond on Wednesday is 50-50. Unless the Fed says something unusual, the expectation is for an inside the higher day.02:25by DanGramzaPublished 221
Breaking structure lows - shorts opportunity Really nice R:R below key low that was broken at 2239 - anticipate to fill imbalance next - PT 2212Shortby ShelbyUsA94Published 0
RTY long opportunity BOS above 2283 will give a nice long opportunity to next level. Hopefully that would give us what we need to go even higher Longby ShelbyUsA94Updated 0
RTY Bullish MomentumWith the ES and NQ seeing some major weakness there seems to be a market rotation out of the tech sector and into small caps. The reason I like RTY for a continuation of bullish momentum is because price action is setting up in a bullflag with higher swing lows and two strong wicks through the top trend line possibly taking out some sell orders clearing the way for the bulls to push through. This could also be the formation of the W pattern. There is a triple top at the neck line of the W pattern at 2273.9 which is a key level that if is broken would signal more bulls to enter possibly pushing to test 2304.5. Resistance after the double top would be at 2340 which is the measured move from the neck line down to higher low at 2204 (677 ticks).Longby supertokki52Published 2
Near Term Trade Russell 2000With the view from Tom Lee of Fundstradt he believes the Russell will hit an ATH of 3000 by summers end and I believe he is correct. For the month of August a 15% climb or more is in the cards for August. A near term trade. The technicals are in place for a near term trade. Longby oe123Published 1
Russell 2000 I am not trying to go overboard with this one. It is completely cut and straight to the point. We are completely bullish here. Following the trend of course but also getting setup for that minor correction is also great. by Smittycurt36_Published 0
Russell 2000I am loving the setup with the Russell 2000. The way it moved this past week is crazy. Looking for some minor corrections to start the first couple of days. Please make sure we are waiting for our setups to develop and not rush them. by Smittycurt36_Published 1
Russell 2000 On verge of breakoutof a continuation inverse head & shoulders these projections are IMHO likely to be the final nail in the coffin for this massive bull run one of the complaints from Analysts is the lack of breath in the market well when the russell reaches these projections these analysts will likely claim victory and say see NOW we have a real bull market which is when you should be seeking shelter as when the last bears are bullish it means there is no one left to convince. And after 16 years from the 2009 bottom would be a fitting end to the secular bull With a Trump victory likely .. The Dems will in all likelihood prefer to leave him a big mess to clean up than a booming economy. Longby BallaJiUpdated 114
RTY Long IdeaRTY has been relatively weak all year, but has been tradable, at least I think so. It just had a big downtrend breakout and failed. It's retesting the trendline now, it's likely we see a bounce here and potentially a move up to supply. If not, demand below is the next target. If that breaks, it could get even more momentum to the downside.Shortby AdvancedPlaysUpdated 1
RTY trade of this week break above this area 2090 will provide us with a R:R to next level 2102 area Longby ShelbyUsA94Published 0
Best R:R opportunity on RTY upcoming IF we get above 2127 level this week will provide an excellent R:R opportunity up to 2164 area Longby ShelbyUsA94Published 0
Super waveycheck out some of my ideas. also I don't take every trade idea that you see here these are assumptions before price action completes and confirms. The point of my ideas is try to predict price action everyone knows that's next to impossible but I'm having fun. I am not a professional trader nor am I technical . all ideas are based on what I understand price to be. when I see certain confluences that fits my trading strategy I then look for my opportunity to enter trades. to many egos here. we are all independent traders navigating the market. happy trading Longby THE_APIS_TRADERPublished 0
Oil ES mini Russell June 11th 2024 in this video I spent some time on crude oil where you might consider trading it as a buyer or a seller, I would be a seller if I had to trade the market where it is now---- always with a small stop. The es has a reversal move here to Short so... if I shorted it I would have a very tight stop, and I probably wouldn't short it because the price action is still near the high. the reason I wouldn't go long on the ES is that I'm looking at a 2-bar reversal that would suggest it's going lower it's a conflict. however, on the Russell this Market has a lot more bearish price action leading to where the price sits at this point, and this is why I would prefer the Russell that represents 2000 stocks versus the S&P which is 500 stocks... I believe that the Russell is telling you that the market is in Jeopardy of going lower because of its more bearish price action. 21:41by ScottBogatinPublished 4
RTY Short IdeaRTY has been weak lately and it looks like that'll continue today. It just broke below critical support around 2032-2023. It may not retest l, but if it does I'll look to enter IWM puts at the white arrow if it happens. Target is 2k and even further if it keeps goomg after that. Shortby AdvancedPlaysPublished 0
Need a Lift? All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.Longby THE_APIS_TRADERPublished 2
Paths for RTY After PCEI'm still most bearish on RTY out of everything,.although if NQ.falls.it.could fall more than RTY. Here's some paths I'll be looking for after we get the reaction to PCE.Shortby AdvancedPlaysPublished 0
Explosive Move IncomingI’m prepared for a small but big move towards the up position. Then more down, however you should be prepared to change your mind if the opposite happens!Longby traderextraordinairePublished 0
RTY Retest and FailRTY is my favorite short setup at the moment. Had a nice break of this ascending wedge and failed on a retest. I expect further downside, but being cautious with shorts while NQ and NVDA are this strong. Shortby AdvancedPlaysPublished 0
RTY Ascending Wedge - Short IdeaRTY is looking good for a short if the market doesn't keep rallying. It'll be one of my top watches for short setups. I included a path for longs as well, but this chart is bearish for now so I'd expect the bearish path.Shortby AdvancedPlaysPublished 0
Russell 2000 Looks Almost Ready For a Change In TrendRussell 2000 Looks Almost Ready For a Change In Trend Price looks ready to complete the Head & Shoulders pattern. We have to be careful as it is not a complete pattern but it shows the possibility that the price may complete the right shoulder near 1925 over the next few days. If the price manages to break out of the neckline of the model, then we should look at Russel 2000 moving down near to 1780 and 1700. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Shortby KlejdiCuniPublished 119