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Russell2000

RUT update for week ending 27 September 2019Weekly Data Summary Suggests: Current Weekly Trend is Bearish The anticipated upcoming trade range is between 1485.51 - 1555.43 If RUT is capable of maintaining the current strength as of today, there is a projected weekly target price of 1653.52 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current weekly reading of: Neutral Bull The RSI that monitors bearish strength has a current weekly reading of: Neutral Bull The strength demonstrated over the last 5 weeks is currently: Bearish Price Consolidation has formed between: 1506.77 - 1590.5 Current chart score suggests a Bullish Market is present. Daily Data Summary Suggests: Current Daily Trend is Bearish The anticipated upcoming trade range is between 1506.64 - 1534.32 If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of 1543.02 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bear The RSI that monitors bearish strength has a current daily reading of: Neutral Bear The strength demonstrated over the last 5 days is currently: Bearish Prices have broken through the consolidation low Current chart score suggests a Bearish Market is present. Comments: Mixed sentiment between weekly and daily charts. Daily chart maybe bearish at this moment, however it may be prepared to turn again and continue back up. This is based on the divergence on the indicators between the stronger trend (week) and weaker trend (day). ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUT
by priceprophet
1
RUT update for 25 September 2019Daily Data Summary Suggests: Current Daily Trend is Bullish The anticipated upcoming trade range is between 1536.28 - 1565.02 Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bull The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bearish Price Consolidation has re-established itself between: 1530.33 - 1590.5 Current chart score suggests a Bearish Market is present. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUT
by priceprophet
RUT update for 24 September 2019Daily Data Summary Suggests: Current Daily Trend is Bull The anticipated upcoming trade range is between 1519.45896 - 1547.72104 If RUT is capable of maintaining the current strength as of today, there is a projected daily target price of Price movement has slowed below the average trade range and are suggesting either a stall for averages to catch the prices or a turn in the prices in the opposite direction The RSI that monitors bullish strength has a current daily reading of: Neutral Bull The RSI that monitors bearish strength has a current daily reading of: Neutral Bull The strength demonstrated over the last 5 days is currently: Bearish Prices have broken through the consolidation low The price relationship to the moving averages currently suggest closing longs and protecting profit. Current chart score suggests a Bearish Market is present. ** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
TVC:RUTShort
by priceprophet
RUT Update for 23 September 2019 Daily for 23 September 2019 In Bull territory. Price Projection: HMA: Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: 5 day relative strength appears Bearish Consolidation: In Consolidation between 1541.88 - 1590.5 Price-Trend: .81x ATR Comments: Time to take profit? The prices have closed under the 8MA, usually a sign of profit taking. Prices are caught in consolidation. Neutrality has entered into the indicators and the 5 day RSI is bearish. Might be time to lock in some profits. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:RUT
by priceprophet
RUT Update for week ending 20 September 2019Week update for week ending 20 September 2019 In Bull territory. Projected range for upcoming week 1594.72 - 1524.82 Price Projection: HMA: Neutral Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: 5 day relative strength appears Bullish Consolidation: In Consolidation between 1506.77 - 1590.5 Price-Trend: .56x ATR Daily for 20 September 2019 In Bull territory. Price Projection: 1549.42 HMA: Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: 5 day relative strength appears Bullish Consolidation: In Consolidation between 1541.88 - 1590.5 Price-Trend: .94x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:RUT
by priceprophet
Russell 2000 to Lead US Equities Lower?We have what appears to be a reversal pattern here with the Russell 2000. You can call it a head and shoulders although not textbook. Again it shows a shift in trend from higher lows to now lower highs. The neckline has been broken, and I am using the 1575.80 area as my lower high swing. Lot of debate on what leads, the mid caps or large caps. In my experience, I have seen money flow into the mid caps first before the large caps. Again, this is just a trade to the zone I have depicted below. Like the set up and confluences we have here. Also, if more recession signs appear then the Russell will take a hit as well.
OANDA:US2000USDShort
by Uncharted-FX
RUT Update for 18 September 2019 Daily for 18 September 2019 In Bull territory. Price Projection: 1671.02 HMA: Bull Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 1541.88 - 1590.5 Price-Trend: 1.64x ATR Comments: First three days of the week, not much movement except after the Fed announcement on Wednesday. Thought we were going to see something worth while. But everything returned to "flat" for third day. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:RUT
by priceprophet
IWM short setup in the worksA break below 156-ish is bearish in my opinion, and increases the likelihood that IWM will retest the bottom of its descending channel. In addition to that, the RSI is showing overbought conditions. If it breaks below the 156-ish level, I will short it via puts and look for a risk/reward somewhere in that area I noted. Fundamentally, it all hinges on the Fed meeting later this afternoon. I still believe a meager 25 BP rate cut will send the market hopesters to their "safe places," while they pout. Therefore, sending the markets lower while they sulk in their own pity. Don't be a hopester ... use solid analysis. DO YOUR OWN RESEARCH AND BE RATIONAL ABOUT IT!! Yes, I know the markets are irrational at times. However, you can still give yourself an edge that the hopesters don't have by analyzing instead of guessing (gambling).
AMEX:IWMShort
by Bankuur
2
RUT Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bull territory. Projected range for upcoming week 1613.19 - 1543.09 Price Projection: 1775.50 HMA: Neutral Bull Bull RSI: Neutral Bull Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: Broken to the high Price-Trend: .99x ATR Daily for 13 September 2019 In Bull territory. Price Projection: 1671.02 HMA: Bull Bull RSI: Bullish Bear RSI: Bullish BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 1541.87 - 1589.45 Price-Trend: 2.66x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:RUTLong
by priceprophet
Russel futures crossdown formingOpened green but getting rejected at resistance like es and nq. On 30m chart a crossdown forming which could see a bit of a drop. I wouldnt be surprised to see all 3 indexes open in the red tomorrow. Puts held over weekend would make some money but not enough to be a big win per say. Still glad i stayed out this weekend. But as we know. One trump tweet could change the course drastically. Could see some choppy markets still until feds on 18th.
CME_MINI:RTYZ2019
by MoneyFlow_Options_Community
RUT Update for week ending 6 September 2019Week update for week ending 6 September 2019 In Bear territory. Projected range for upcoming week 1505.17 - 1456.17 Price Projection: HMA: Strong Bear Bull RSI: Neutral Bear Bear RSI: Bearish BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 1450.33 - 1533.49 Price-Trend: .4x ATR Daily for 6 September 2019 In Bull territory. Price Projection: 1375 HMA: Neutral Bull Bull RSI: Neutral Bull Bear RSI: Neutral Bull BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 1450.84 - 1521.79 Price-Trend: .28x ATR Comments: A change of chart views. Trying to clean-up from to much data what is presented. Weekly charts are still bearish in a consolidation range. The Daily just became bullish on the 5th. But does it have the strength to continue. Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week. What am I showing on this new(ish) chart? Daily: 5 September, confirmed bull trend. But can it hold? Weekly: Bear trend since week of 5 August. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:RUT
by priceprophet
NO BREAK! But SPY, DIA, and QQQ broke...The Russell ETF could not break out of consolidation, but the other 3 majors did break. The Russell - being the major small cap index - is an indicator of risk. When the Russell is rising, investors are less fearful. When the Russell is falling, investors are cautious ... That's the basic concept anyways. I think this Russell chart is showing that maybe people aren't as optimistic as Thursday's rocket ship would have implied. While the 3 biggest indexes broke through strong resistance pretty convincingly, the Russell stayed put ... it tried, but did not succeed. IWM also bounced off its 50 day MA. In addition to that, Friday's close was less than impressive. I'm betting on at least a bearish start to next week, and possibly for the week as a whole. Jerome Powell, yet again, gave no clear-cut direction to the Fed's interest rate plans, leaving the market to wonder what's going on. All economic indications (and technicals) are pointing towards - at the very least - a strong market correction. I think Powell's speech, mixed with the very poor jobs report, put a bad taste in the markets mouth. I bought some TVIX yesterday, because I'm thinking Monday might be a little ugly. Looking at this IWM chart makes me feel even better about my TVIX purchase ... for Monday anyways.
AMEX:IWMShort
by Bankuur