In war time, go after the weakest link firstOf the 4 US major indices, which one is the weakest ? The Russell 2000 which comprises the small medium enterprises ,the traditional businesses.
They are the ones that are fighting for survival, not the top guns like FB, Apple or Microsoft which have rich cash reserves to tide them over.
See explanation in chart
US2000 trade ideas
13 May 2020 swift evaluation of RUTA swift evaluation is conducted based on a single day without look back.
RUT is currently in a bear trend.
Prices are trading in a range of approximately 35.88 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 1211.08 - 1255.42.
If strength and trend continue, RUT is trying to reach 1198.59.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bearish environment.
Last Price + (ATR * 1.5): 1287.07
The trend moving average: 1261.52
SAR: 1355.01
The Price When Trump Was Elected President on RUTOn the RUT, the price when Trump was elected president has served as a psychological barrier of resistance so far. It appears that resistance might be holding and a greater fall will ensue in the medium-term.
Possible target is 760 in the RUT from the current 1275.
12 May 2020 swift evaluation of RUTA swift evaluation is conducted based on a single day without look back.
RUT is currently in a bull trend.
Prices are trading in a range of approximately 34.344 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 1254.31 - 1296.76.
If strength and trend continue, RUT is trying to reach 1241.40.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bullish environment.
Last Price - (ATR * 1.5): 1224.02
The trend moving average: 1263.394
RUT End Of Week Evaluation*** Comments prior to evaluation summary ***
Week ending May 1, RUT broke the SAR and targeted 1383.76. High this week was 1330.109, displaying room to the upside.
However, like the SPX - be cautious if the optimism drains from the market.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish . The price in relationship to the other averages suggest close current positions.
Price Action:
Weekly: The average price range currently is 103.50 points/ticks/pips. Prices are currently .42x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 966.216 and 1396.25.
While in consolidation the trade range may decrease to 63.653999999999996 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1093.835 to 1565.442 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1265.67 to 1393.60 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1361.9
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 36.36% are bullish , 36.36% are bearish , 27.27% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Bearish - cover shorts.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades, profit taking/trend switch in process.
Suggested stops base on weekly chart:
SAR value at: 974.36
In consolidation and bearish (Consolidation High + (ATR * .5)): 1396.26
Close - (ATR * 1.5) at: 1329.638155.25
RUT signficant resistance ahead The same predicament exists in the RUT as the SPX. Is this 5-wave impulse currently labeled as wave (B) actually all of higher degree wave (2)? A move back below 1200 suggest the shown count is correct. We are looking for a completion of wave C with a decline lower towards 1000.
5 May 2020 swift evaluation of RUTA swift evaluation is conducted based on a single day without look back.
RUT is currently in a bull trend.
Prices are trading in a range of approximately 37.98 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 1250.04 - 1296.98.
Prices are consolidating between 1234.01 - 1302.45.
If strength and trend continue, RUT is trying to reach 1250.79.
Suggested stops in a Bullish environment.
Last Price - (ATR * 1.5): 1216.54
The trend moving average: 1241.77
4 May 2020 swift evaluation of RUTA swift evaluation is conducted based on a single day without look back.
RUT is currently in a bull trend.
Prices are trading in a range of approximately 38.7 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 1240.05 - 1287.89.
Prices are consolidating between 1234.01 - 1281.08.
If strength and trend continue, RUT is trying to reach 1279.78.
Suggested stops in a Bullish environment.
Last Price - (ATR * 1.5): 1205.92
The trend moving average: 1237.33
------Additional Comments:
RUT hit the SAR yesterday - this generated a bearish signal, could see a movement toward 1246 before moving toward 1282
Juiciest Short. Why Russell has 54% rotted-out sectors inside. Another multi-disciplinary, cross-asset class approach to looking at a pig painted up for a pageant...The Russell.
We xplore the basic technicals, the STRONG SIGNALS inside the RUT...and OUTSIDE THE RUT.
We still think this has the most downside out of all the equity markets...
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