RTSI and RI1! update the index shows a nice triangle while RI1! (futures) spiked at the open (good that I did not have stops) and ruined my smaller timeframe count.
RTSI trade ideas
RTS INDEX (SHORT)RTS- the opportunity is a SHORT with pricing collapsing to the yellow zone and then huge potential falling of the cliff to the blue zone. as the crash unfolds and i have more data i will have a better outlook in prices falling to the blue zone
Endless post corona rallyNear the .618 Fibonacci retracement level. Just filled the gap. I expect to see a reversal pattern and strong selling pressure. Strong but much weaker than in March and the bottom should be higher a little bit.
The rising could continue but it is less probable and the falling line will be strong resistance
RTSI Selling pressurethe RTSI still in up trend, but selling pressure may occur at
: around 1310 and around 1400
Two interpretations possible RTSI is either done or about to finish the correction. USOIL is looking up this makes me think RTSI is in the grey scenario, not red.
RTSI fall may just got postponed until next weekYesterdays and today's price action does not confirm the immediate bearish scenario. We might be in a bit longer correction.
break wedge, short to the nearest strong support level 800break wedge, short to the nearest strong support level 800, by buy put option 800 jule expire
