Not doing anything yet. Decent chance of it breaking lower.
Is The US market crash coming ? We have 3 types of “crashes” Correction <15% downward movement in a major indicy Bear Market <20% downward movement in a major indicy Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on. The fourth type is the 1919, 1929, 1999 and 2008 scenario that people...
The RWM looks very bearish for the Russell 2000 Using the Gann Fan, moving averages and patterns like those mentioned in Stan Weinstein's Secrets of Profiting in Bull and Bear Markets I feel the market is in for a downturn
First Target 28 Closing at 33 Smallcaps will suffer due to higher interest rates.
According to the most recent market bearish setup, RWM can be used as hedge for your account OR to take short positions. The short EMA 50 is pointing up to cross longer emas 100/150/200, and headed to hit EMA 500 (+6%)
Watch price continue oscillating between support & resistance until breakthrough.
Did the Russell Break Bearish on the daily? Yupp Weekly we are one-two weeks out.
Head and Shoulders bottom on the Inverse of Russel2000 / Multi Decade Bottom. Increasing in bullish volume.
Possible IH&S PO at 39.80 area $IWM, $RUT
Possible falling wedge $IWM
Thesis Long Inverse RWM due to weakness in small caps. It would be early to enter this trade. Confirmations: 1. Above support 2. Higher highs and higher lows on Day and Week chart. Contradictions: 1. Price is at the 8 Day EMA not above it. 2. Price is below the 21 Day EMA. Trade: Long RWM Related Trade: Short IWM Disclaimer: All charts...
MIGHT BE LONG THIS ONE
Nice mom divergence on Daily chart and positive mom on 60min
The above is a 15 minute time interval. What you do not see is the trend was faster on a 5, 3, and 1 minute chart. On the shorter time duration charts the Ichimoku Clouds were moving up. If the IWM is going to fall, a good way to "play" this move is RWM. In follow-up One I showed that the IWM trend is down, so I bought RWM. I will try my best to explain the above...