The Russell2000 appears to be in th leather stages of completing a complex ABCDE corrective cycle, watch for bullish reversal patterns on any pullback towards 2100 to deploy long exposure, looking for a 5th wave upside extension to a 5=1 upside equality objective above 2700
Upside price momentum supports the bullish trend.
A price action above 2210 supports a bullish bias.
RSI leaves enough room for further upside price potential.
A break above 2270 will give further confirmation.
We have bounced off the 200 EMA on the daily chart. We are at support of the 34 ema on the weekly chart. We have had a long period of consolidation now. Corrections can happen with time or price. This has been a correction of time. The candle lows have been making higher lows and have been forming hammers on the daily chart. The higher lows on the daily chart...
If you followed my previous posts, you will know my sentiments on this.
Today the background signal went reflationary with foreground bearish. is it a probable buy the dip opportunity?
Because I believe Q4 will be good for Russell, and if DXY falls, even better
Let's see how this plays out, I will try and buy the dip today
Check my profile and previous posts to...
Russel seems to have entered immediate term bearish but background signal says it's a correction.? Is it a dip?
I don't know, but am I buying it when it's close to the low end? Yes I am
Weak bullish signal.
Keeping an eye on the short volume on mid and small caps. Last weak the signal was strong bullish.
I'm buying this incrementally and will sell some at the first red line
Don't panic
Redd
Above 2210 supports a bullish trend direction.
RSI leaves enough room for further upside price potential.
The 200-day simple moving average might act as major support.
Wait for the price action to develop further.
Trade remains risky.
A price action above 2250 supports a bullish trend direction.
Remains above its 200-day simple moving average.
Upside price potential supports the bullish trend.
Improving bullish trend according to Heikin Ashi.
Might see a scenario of walking of the Bollinger Bands
Note the price action that is low according to the Linear Regression channel pattern. This also...
Tapering should not stop this index to reach the moon. FED still keeps printing anyway. Meanwhile, business and economic environment will be getting better from this good momentum.
I've been trying to chart the russell 2000 pattern given the recent price action and have been stumped to try to find trendlines with 3 or more points of contact. Today's price action appears to have put the third contact point on the upper trendline... And there are three points on the lower as well. If 3 points confirm the upper and 3 the lower, either one or...
When you look at the D1, you realize that the market was in a trending bullish market however it broke the trendline around the "2195" price area however it never broke the previous low, which formed a strong support which repeatedly pushes price to the resistance on the upside where it gets rejected repeatedly creating a parallel channel. However the market has...
Where does one put speculative yolo gains? Here are a few with excellent setups for a multi year hold. A couple of them with yolo sized dividends as well.
$WPC = WP Carey
Still ramping up. MACD looks perfect.
$CVS
Had a blowout breakout that is so far paying off.
$EPD
Best...
![US2000: Russell2000, Immediate term trade and trend [11OCT2021]](https://s3.tradingview.com/l/Lx3wU4zN_mid.png "Russell2000, Immediate term trade and trend [11OCT2021]")
![US2000: Russell, immediate term trade and trend [Oct 5 2021]](https://s3.tradingview.com/0/0aLFHQE8_mid.png "Russell, immediate term trade and trend [Oct 5 2021]")
![US2000: Russel 2000, Immediate term trend and trade ranges [4OCT2021]](https://s3.tradingview.com/6/69V3hKx3_mid.png "Russel 2000, Immediate term trend and trade ranges [4OCT2021]")
