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...
I have higher targets for the dow and spx but as for the russel i'll be going for the minimum 0.618 target and will be bearishly positioned against the TZA Bearish russel ETF.
If the Russel can get above the 61.8% retrace then i think it will make ATHs.
I have a few observations on the market from last week and going on to this week. Something to note, I'm looking at the WEEKLY chart and have a longer time horizon. This is very intentional. I want to demonstrate that PRIOR to any major market move, BOTH bulls and bears will get shaken out. It is very naive to assume that you can have a strong directional bias...
Looking at the Weekly on the US200.
The probability is that this market is a bear market. With this in mind we are looking for areas of possible reversals.
If we look at the retracements of the last swing higher (March 2020 - November 2021) we see the market had a reversal at the 382 abnd the 50%. Both reversals reaching the top of our range boxes.
From here we...
US2000USD0 - Intraday - We look to Sell at 1860 (stop at 1895)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. 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...
US2000USD - Intraday - We look to Sell at 1880 (stop at 1910)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. 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...
russell 2000 rebounded from june 17 low ,developing a ABC correction. And very close to finished the 5th sub-wave of C. It's time to short it when the ending diagonal breakdown.
US Russ 2000 - Intraday - We look to Buy at 1870 (stop at 1845)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Preferred trade is to buy on dips.
Our profit...
This level is a good level for stopping the present sell of in the US market. Price and Time go together!
I will watch very carefully this levels for new buy opportunities!
A few notable demand spikes on the weekly. Appears as if it is possible for an accumulation cycle to begin here in the next few days/weeks. Typical behaviour and standard targets. We will see its behavior as it nears some previous demand zones/order blocks.
will follow up once it triggers some low alerts.
Russel is currently stuck in a Trading Range, but also experienced a lot of buying pressure in the first half of the NY trading session. Possibility for a short stop hunt before reversing back down.
OANDA 
