yes we should see a nasty drop for few months that should create capitulation in the herds... another half way pattern shown by stars
when the hard core teslanaires sell you know it is safe to enter the water
wish me good luck
RUT D1 is breaking out, it will be interesting to see how long the rally will last. Next week will be interesting because there will be FOMC, Non-Farm, and earnings season is picking up
RUSS2000 - Intraday - We look to Sell at 1935 (stop at 1955)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
The hourly chart technicals suggests further upside before the downtrend...
SP500 stocks are at key 200 level and we are waiting to see which way the crowd takes us next.
Bulls say we soft landed and economy is still strong.
Bears say we have yet to feel the full effect of the tightening and higher costs.
I lean bearish and believe the full effect of rates will take time to hit. In 2005/6 when housing was booming and rates were...
Well not really
It did a perfect Gann retracement
Half the move from corona lows to ath in half the time
It’s broken the downtrend
We have another bullish weekly
It’s double bottomed
Sorry bears u had your chance
Target is ath mid 2023
NOT TARDING ADVICE
GRI 2022
Looking at the H4 chart, my overall bias for RUT is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Look for a potential buy entry at 1789.4537, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 1722.0208, where the previous swing low is. Take profit will be at 1911.6949, where the overlap...
U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for RUT Russell 2000 is $1860.
Looking forward to read your...
The Russell, and other stock indices, have been in a retrace move since November 2021. High inflation and fears of a predicted recession are the driving force of the current downside.
Is now the time to re-enter equities? Is the retrace move coming to the end? Have the markets found a bottom?
Here are my thoughts...
Fundamental Analysis
Inflation is coming...
US2000 - Intraday - We look to Sell at 1785 (stop at 1805)
Buying pressure from 1720 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit...
Descending Triangle has formed on Weekly for the Russell 2000 Index.
The moving averages are all touching and seem to be at deciding point 200 = 21 =7 MA
We need to wait for the official breakdown which will take the price to a target of 828.
There are major warning signals for a Recession in 2024 with the inflationary pressures in the US, UK and Russia.
We...
Small cap stocks, Penny stocks and pink sheets are the high adrenaline stocks investors play games in.
They are generally the cheaper, highly volatile, some are illiquid and can fluctuate 50% - 1,000% a day.
From the Wolf of Wallstreet glamorizing the potential returns for investors to your every day salesman broker trying to sell you the next winner.
But what...
US Small Cap 2000 - Intraday - We look to Sell at 1790 (stop at 1810)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a...
The current rollover in the market, featuring a clear double top with negative RSI divergence, is remarkably similar to the February 2020 & August-September 2008 rollovers. My opinion is that the current rollover will resolve with a large move to the downside in similar fashion to the aforementioned time periods.
Rectangle with what appears to be a head poking out in the middle.
Symmetrical triangle inside the Rectangle also called a horizontal trading range.
Both are neutral patterns until broken.
Targets up listed for the rectangle if price were to break resistance of the rectangle.
I did not list targets up for the triangle as it will have to break the rectangle...
