To ride the BIG waves, you have to have intestinal fortitude! While everyone is BEARISH, you have to zoom out and observe what others can't see. The BIG ONE begins only as a swell in way the distance, but the well-trained surfer sees what will be!
The Russell 2000 Index has all the makings of a swell out at sea. The question is, are you willing to go out and GRAB IT!!!!
Rut is looking perky
Dow may be getting all the attention but RUT has consolidated at a key zone and there’s no downtrend
As such I’d expect to hit 2000 by Jan
2100 in Q1
And 2500 at some point in H2
NOT TARDING ADVICE
Well not really
It did a perfect Gann retracement
Half the move from corona lows to ath in half the time
It’s broken the downtrend
We have another bullish weekly
It’s double bottomed
Sorry bears u had your chance
Target is ath mid 2023
NOT TARDING ADVICE
Here are the 4 main ration charts I look at weekly to give me a gauge of risk on vs risk off. Need to see see the riskier assets outperform before a new uptrend is confirmed. So far we can see a bounce in all the pairs, but the only one breaking out of a base so far is the small caps vs SPX. Discretionary, tech and growth are just bouncing back to overhead...
Excuse corny title. Am not trading much today so have time to make more dumb jokes.
Broadly positioned short over indices and waiting to see if they break. RUT looks like a high value entry so going to add some positions on this.
I think this may be lagging the other indices (I have most my positions in Nasdaq).
Simple 76 trade. Nothing new to anyone who's...
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend.
RUT Russell 2000 is oversold at the pre-covid level right now on a double bottom chart pattern.
My price target is $1805.
Looking forward to read your opinion about it.
"Russell 2000 / M2 Money Supply" ratio
1) It moves in a horizental trend in the long-term.
2) %20 discounted compared to 500 days MVA.
3) Nearly touched a major long-term horizental support.
Of course it can also move more downwards if the crisis/war deepens but we can say that the probability of upwards move is more likely.
First target: 0.095-0.100
We expect the decline to continue as prices traded at the crucial lowest point in 2022, the top of wave ((x)), and to continue down to the target wave ((z)). We may see lower prices at 1514 to end wave ((z)) of the larger wave 2
The Russell 2000 has begun minute wave A of minor wave Y.
Theoretically, the preferred target for wave 2 after a leading diagonal in wave 1 is the 0.786 Fibonacci level. This means that minor wave Y should take prices up to about the 2284 level. However, both the Nasdaq 100 and Russell 2000 are lagging behind the S&P 500 and the Dow by a wide margin in percentage...
is looking for evidence of the end of the downward correction in wave (a).
We expect the bearish correction on the stock to continue until the end of the v wave. we expect it to target 1772 before ending the bearish wave.
The RUT ETF crashed with the COVID market phenomenon but then recovered better and faster than the SPY in 116 % of price appreciation
in less than the one year that followed. Since then RUT retraced about 1/2 of that uptrend.
Presently on the weekly chart, the price is relatively stable. The RSI bottomed out in the oversold territory and is now in...
The Russell 2000 has begun minute wave C of minor wave X. Minor wave X should take prices down to at least 1849, possibly lower. After minor wave X completes, prices should continue higher during minor wave Y.
Theoretically, the preferred target for wave 2 after a leading diagonal in wave 1 is the 0.786 Fibonacci level. This means that minor wave Y should take...