Small Cap SharkNot a big believer of harmonic trading, but there is the pattern. Money flow weakens.
These patterns supposedly result in a 50% pullback, as shown. Not advice; GLTA!
M2K1! trade ideas
RTY in (v) of (III), in sell zoneChart says all. Sell in the band between S/R. not advice, just an idea; GLTA!
Bull trap or will it hold. RTY just completed 3 measured moves up, bringing price over first important resistance, but will it hols? This is all happening AH and PM, so I would not rule out just another bull trap.
Looking at a longer term chart almost all previous correction consisted of 3 waves down. This one we are experiencing just now had only 2 legs, so I'm still looking for a 3rd one below recent lows.
In case of a dip, I would be looking for support around 2126.
RTY UpdateAll other index futures went oversold except RTY MFI as mentioned last night. It actually hit overbought again, lol.
If you're gonna play the bounce, I suggest staying away from small caps. I'm guessing gap up and tank tomorrow for small caps, it's too close to support not to test it.
RTY Daily Range Looking For Long IdeaThe RTY daily time frame is in a large sideways
movement. The market hit resistance price point
2302.4 and is now falling towards support price
point 2113.3. It will be a good idea to look for a
bullish U-turn the closer the market gets to
the daily support price point 2113.3.
I plan on turning to the one hour time frame
and looking for a bullish trend to form near the
daily support.
RTY- the downtrend goes on.I do not barely ever hold position when Friday close over weekend. But this time I did this and I also even added to my position close to close Friday. So I carry quite big position. I do this because all my technical analyse tell me market makes big down move on futures open. I admit I won't this weekend because always there is chance I to be wrong. But it works out. I sell half my big position at 2200 and now I have for sure a big profit. As big as usual month for me. For the trade detail see link below.
Happy trading!
Ms Bunny 💕
Short Russell! Heck pick anything and short itMarkets look weak looking everywhere. I don't know in deep about markets and economics. But my tecnical analyse I know very good. And everywhere I see is weak technicals.
Volumes are weak
Trends are down
Rallys are weak
Dips are strong
Upper wicks are long
Vix are low
So right here I take a short on RTY. And we see how today is to go.
I still be in my gold trade from last idea. I will get stopped out though very soon. But I already make great money on gold. Now moving it into the index.
Thanks for following me and reading me.
Ms. Bunny
New trading strategy upgrade - Russell 2000Let's keep the previous trading plan to hold long positions. be patient to wait this correction finished
RTY daily chartJust a daily chart with fib levels off the most recent high and low along with stochastic rsi. I feel more bearish but I also see the support just over 2200 so I'm waiting for another top to get short. Also watching the 4 hour chart and see a downtrend line which is about at 2235 area so I expect some trouble there. Might be a good test short.
New trading strategy upgrade - Russell 2000Let's wait for a correction overnight and still potential to buy for a short swing.
RTY MFI getting close to overboughtAppears small caps will be the first to hit overbought on MFI. Probably an up day tomorrow either way, but we'll see what happen on quadruple witching Friday.
ALl other indices are in the neutral zone
Markets are weak. I sold RTYI sold Russell at 2248. The markets look real weak, more than I see in just a few years. My friend HK_L61 has real good material on her page. check it out. So smart and has so much information.
My opinion, if RTY and more specific M2KZ2021 break below 2213-2215 then markets headed for real big problems. And big profit for me. Of course use good risk management and stop loss. Inflation still concerning in spite for today's news. See how Fed reacts.
My dynamic MA moving down. I will get a entry trigger this hour, so I decide to get head start, with safety. volatility maybe to get very crazy. Buying VIX maybe not a bad idea either.
support for sell:
dynamic moving average falling.
Price repeated rejecting by 20 MA.
Daily trend down, and I see good reason we will just about make a lower low on daily. If so, watch out below!
yesterday lowest volume on 3 month period on Russell.
RTY: One Hour time frame BullishThe RTY one hour time frame is in an up channel.
The market hit the bottom of the channel and
showing signs of pushing bullish towards the top
of the channel.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: 2201.8
LIMIT: 2325.00
As long as the market stays above the bottom of
the channel. It will be a good idea to turn to the
five minute time frame and to look for tunnel
trader long / destination trader long opportunities.
Russell20009.12.21 Russell2000 Strategy......................................................................
RTY OversoldES and NQ aren;t quite there yet so a little bit more room down, but I'd expect the market to turn around tomorrow to set up for Ponzi Friday.
Long RUSSELL with Short Term UPTRENDTrend is up on the 4h chart and we are looking for entry before close to the swing low at the bottom of the first blue box.
Drumming down to the 15 minute chart it is evident there has been an accumulation close to the pivot before the impulsive move (big green candles) that created the new swing low.
Looking to buy at the BUY AREA with a Stop Loss set below this area should the trade fail, possibly marking a change of trend direction on the 4h chart.
The only concern is that the Daily trend is more sideways and therefore profit potential is limited and probability of success slightly lowered. This said it is still a great short term trade opportunity.
RTY looking a little shortI have decided to go short on RTY here at 2271. Today might be the day for the big drop, but it do not have to be today. I think we are due for the fall. Volume has been low and my dynamic moving average is starting to curl down. This often is a meaning of volatility going to increase which VIX is showing to already. We have been ranging and I have a tight bollinger. My signal hasnt gone off yet but it will soon even if RTY goes up a bit. Good luck to all!
Ms. Bunny
New trading strategy upgrade - Russell 2000see my trading plan and hope it works. Buy for a long term!
RTY - Russell 2000 a consistent Sell @ HighsIndependent Producers are being systematically crushed, slowly being
wiped off the Competition Map.
The Map itself is on a well defined Roll Up.
Wreck them, collect them.
Master of the obvious type stuff I know but many seem to cling to their
hopes.
The RUT has a large composition of Mixed Bags to hold.
Weightings:
Consumer Discretionary @ 13.1%
Financials @ 15.1%
Health Care @ 21..11%
Industrials @ 15.35%
Information Technology @ 14.13%
Communications, Consumer Staples, Energy, Basic Materials, Utilities,
Telecoms and Real Estate make up the balance.
A horizontally opposed group of Sectors... On the surface of it, many
would argue it is a balanced Index.
It is certainly not, it is a place where Wall Street Parks $ during periods
of indecision as it is a "Safe Place" for BlackRock and Vanguard to defend
positions.... there are 2,000, but a very few are needed based upon
the Sector weightings.
Total Volatility is Highest for the RTY relative to the ES YM NQ (NQ Being 2nd in VX).
___________________________________________________________________
We anticipate a run back up to the Top of the Range @ 2335, our last sell for
a great many handles due South.
rty long idea.russell is headed down along with the other major indeces. could be a dip buying opportunity.
Russell Futures The Running GiraffeLook at analysis. The Russell 2000 futures are clearly forming the classic "running Giraffe" Pattern. In all my year of charting, this is certainly the clearest this pattern has formed. Please tell me if you disagree.
RTY oversold on MFIMFI oversold, small caps green already
Closed out my short positions from yesterday afternoon, not going long though. Might take a 2 day break instead.
NQ is still overbought though so typically a sector rotation when this happens
