Russell 2000 Start of movement in second line stocksRussell 2000 Start of movement in second line stocks
The index was until the last few days very close to the pre-Covid rates
Now starting to wake up with huge potential
a RTY Bullish Butterfly Pattern 🦋 Will Start at 1690the detail is shown in the above Chart.
I made this Idea based on Candlestick Analysis and Fibonacci Tool.
RTY buyers are burned in black rectangle ( 0.618 golden level )
Therefore
I expect that RTY Buyers are ready in level 1.27 and 1.618
a Bullish Butterfly Pattern 🦋 Will Start at 1690
US2000: Technical outlookLevels plotted to look out for, combined with daily and weekly MAs to be used as S/R confluences. RSI and MS are indicating a possible reversal, not a signal itself but a confluence to the shorts from S/R levels. You should also check US500 and US30 before shorting.
Strong ResistanceWe have stopped at a former triple bottom which has been tested as a resistance twice now already.
So it may become a double top now. This the more that it was a top on May 23rd already.
The Moving Average is another resistance.
On November 14th we have opened window that may want to be closed.
Min
RUSSELL 2000: Short term pullback possible but buy for 1910.Russell 2000 crossed again today overo the 1D MA200 and it remains to be seen if it succeeds at closing above it. After the November 15th crossing but failure to close over it, a repeat may materialize a pullback of at least -4.50%, in similar fashion as the 1D MA200 rejections of May 23rd 2023 and
Russell priced in goldThat could be it for US small caps #stocks priced in #gold...
this line lost
bull era for gold and silver
Will Rusell2000 follow SP500 and NASDAQ100?
The Russell 2000 index consists of 2,000 small-cap companies, making up the smallest segment of the Russell 3000, which covers approximately 98% of publicly traded stocks in the U.S. Every June the index is rebalanced, adding new companies or removing existing ones.
Currently, the market is focusi
US Russell 2000 RTY ~ Ping Pong Perpetuity (Daily Chart)CAPITALCOM:RTY chart mapping/analysis.
Russell 2000 still stuck within trading range despite recent rallies across major US indices.
What's on the chart:
Ascending parallel channel (light blue) captures upward trend over multi-decade timeframe
Descending parallel channel (white) frames down
Russell 2000 meeting resistance The Russell 2000 Index is an important stock market index for several reasons:
1. It is a broad and representative measure of the performance of small-cap U.S. stocks. The index includes 2,000 of the smallest publicly traded companies in the United States, representing about 10% of the total U.S. s
SHORT RUT/RTYSHORT RUT/RTY 1820
stop 1900
target sub 1600
This rally on one fluky/flaky piece of data makes zero sense
Inflation is not going away anytime soon
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