Russell 2000 Setup The continued profit-taking from big tech & large caps is rotating, with anticipated capital continuing to rotate into small caps. This will create a more risk-on market, which will be bullish for crypto.
RTY1! trade ideas
Russell 2000 and 50DMA: The Mix for Explosive MovesWith fresh data on US GDP and inflation arriving over the next two days, Russell 2000 futures look interesting as they close in on the key 50DMA.
The index is testing minor resistance at 2312.8 in thin Asian trade, with the 50DMA not far above at 2323.5. The focus on the latter comes from its tendency to spark explosive moves once the price either breaks or bounces from it.
Over this week and last, bulls have repeatedly probed the level only to be thwarted by bears, painting a picture of a stalemate that may be eventually be resolved in a similar manner. The string of doji candles since only reinforces this view.
If we see a sustained break above the 50DMA, longs could be established above it with a stop either below it or at 2312.8 for protection. 2386.6—which has acted as both support and resistance previously—is one potential target. A break above that would put a retest of record highs on the table.
Alternatively, another rejection at the 50DMA would be a strong signal that a bearish bias may be warranted.
Mixed signals are emerging from momentum indicators, with MACD pushing higher while RSI (14) sits in a minor downtrend, though it’s threatening to shift higher.
Upcoming economic data screens as important for small-cap US stocks given their cyclical characteristics and reliance on capital markets for funding.
Good luck
DS
RUSSELL2000 Long on Regression BreakRUSSELL 2000 has broken the downtrend and the bias for RTY1! futures is now net long
RTYRTY is at yearly pivot and 200 day MA. Volume now needs to increase as shown on OBV. Seasonally the market should still rally.
RTY Daily_BULLISH_+2,175 TicksThe RTY daily time frame is in an up channel. The
market is near the bottom of the channel. If support
holds, it is expected the market to push bullish towards
the top of the channel price point 2483.8 about +2,175
ticks above. As long as the market stays above the bottom
of the channel. It will be a good idea to turn to the one
hour time frame and to look for long ideas in the buy zone.
M2K1! is out of value! (Upside!)We are currently consolidating as support on the range's resistance. Simple setup
Invalidation at return to range.
Nice setup 19.2 win to loss ratio.
Let the market close the trade
Russel 2000What I am looking at for Russel 2000 is that the overall trend is a sell. With the news coming out this week, let's look for a price to do two things: follow this bear trend or break this trend line for the Bulls to take over.
Russel 2000 1WCorrection and short consolidation until mid of January 2025
Shouldn't fall below 2230
RTY levels for tomorrow . New levels for tomorrow. blue boxes are retracements/pivots and grey boxes are targets for the day.
Russell 2000 - break up started. Following the previous post, the break up has started.
Long target - at least to the 3000 mark
Rut forming cup and handle?So, Rut closed a nice cup, and might enter a consolidation period to form the handle.
anyhow, with the handle or not, its approaching strong resistance around 2450.
a break will be a nice move up with a possible target of around 3200 (which is 30% up).
Has anyone said Donald like the smbs? (:
M2K Long 11/21/2024M2K is in an uptrend in 4hr and daily chart. It is the strongest equity. It broke out of high volume SZ and multiple swing highs. Placed a long position at DZ that coincides with the 4hr 21 EMA. The imbalance or rally is twice of the zone. Risk= $210. Target= 1:1 and 3:1.
RTY1 - Possible BuysMy idea of a possible sell retracement with then buys to the top of the FIB!
We will possibly see some sideway moves to get this done but this will only fully work when we get to the top fib and then retraces back down to the 0.618%
If this fails then the setup will be invalid
Elliott Wave View on Russell 2000 (RTY) Calling to Resume HIgherShort Term Elliott Wave view on Russell 2000 (RTY) suggests rally from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave 1 ended at 2311.4 and pullback in wave 2 ended at 2198.51 like the 1 hour chart below shows. The Index then extends higher in wave 3 with internal subdivision as an impulse. Up from wave 2, wave ((i)) ended at 2240 and dips in wave ((ii)) ended at 2203.3. Rally in wave ((iii)) higher ended at 2424.5 and pullback in wave ((iv)) ended at 2386.5. Final leg wave ((v)) ended at 2455.6 which completed wave 3 in higher degree.
Wave 4 pullback is in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave 3, wave (i) ended at 2425.9 and wave (ii) rally ended at 2449.7. Wave (iii) lower ended at 2396.3 and wave (iv) rally ended at 2413.8. Final leg wave (v) ended at 2391.4 which completed wave ((a)) in higher degree. Rally in wave ((b)) ended at 2435.6. Expect wave ((c)) lower to end at 2330 – 2370 area to complete wave 4 in higher degree. From there, the Index can then see further upside or rally in 3 waves at least.
RTY Break + RetestI am looking for confirmation of a break + retest of the zone from 2386 - 2392
-On the one 1hr, I am looking for a continuation through the zone with volume and a curl back up to the zone before heading lower to the 2360 and the 2345 level
RTY up to 3000 USD till end of March 2025
We will see. With Trumps help, should be done till end of Q1 2025
M2K Long 11/11/2024M2K is the strongest equity. It is in an uptrend in 4hr chart. Placed a long position in 1hr high volume confluence DZ (zone that coincides with 4hr 21 MA or purple line). Risk= $210. Target= 1:1 and trail stop.
Daily Resistance Holds Strong: RTY1 Rejected AgainRTY1 attempted to break through a key daily resistance level but failed, signaling potential weakness in bullish momentum. Watch for a possible retracement toward support zones or consolidation before the next attempt.
Russell 2000 Futures Ascending Triangle (15m)Ascending Triangle breakout will lead to further breakouts into ATHs with price targets of:
- 2337
- 2615 (ATH)
- +++
SL would be a breakdown of the triangle and rejection to reenter the pattern, although bullish structure could remain in place
Russell 2000 On verge of breakoutof a continuation inverse head & shoulders
these projections are IMHO likely to be the final nail in the coffin for this massive bull run
one of the complaints from Analysts is the lack of breath in the market
well when the russell reaches these projections
these analysts will likely claim victory and say see NOW we have a real bull market
which is when you should be seeking shelter as when the last bears are bullish it means there is no one left to convince.
And after 16 years from the 2009 bottom would be a fitting end to the secular bull
With a Trump victory likely ..
The Dems will in all likelihood prefer to leave him a big mess to clean up than a booming economy.
Russell 2000 Rejects Demand Zone: Is It Time for Bullish Season?The Russell 2000 Index, a benchmark for small-cap stocks, is showing signs of a potential bullish reversal after testing a previous demand area. While many retail traders are still positioned for further downside, current market conditions suggest a possible contrarian opportunity for a long position.
Demand Area Rejection and Retail Sentiment
The Russell 2000 has recently encountered a strong demand zone that has historically acted as a reliable support area. The index's initial rejection from this level indicates potential buying interest, which could pave the way for an upward move. However, retail traders remain predominantly bearish, anticipating a continuation of the downtrend. This positioning often suggests that the majority expects more selling pressure, which could lead to a squeeze in the event of a reversal.
Why the Long Setup?
Contrarian Approach: When the majority of retail traders lean toward one side of the market, it often creates an opportunity to take a contrarian stance. With retail sentiment heavily skewed towards further downside, a long setup becomes increasingly appealing.
Historical Seasonality: Historical data over the past decade suggests a pattern of upward price movement for the Russell 2000 during this time of the year. The index has experienced notable gains in the fourth quarter in nine of the last ten years. This seasonal trend aligns well with the current technical setup, providing further confidence in a potential bullish move.
The Technical Picture
From a technical perspective, the Russell 2000 has shown resilience at the current demand zone, suggesting that buyers are stepping in. For a confirmed long setup, traders should watch for bullish candlestick patterns, such as an engulfing or hammer formation, on the lower timeframes or even the daily chart. This would provide confirmation that the reversal is underway.
Let’s see how the index performs over the next few sessions. Keep an eye on key levels, and feel free to share your thoughts in the comments!
M2K Long 10/30/2024M2K is in an uptrend. But price closed below 4hr MA. It is the strongest equity. Placed a long position in 1hr HV DZ which coincides with 4hr 200EMA. Taking half risk because the zone has been tested. Risk= $120. Target= 1:1 and 3:1. Waited for the Globex open.
RTY Long 10/28/2024RTY is in an uptrend. Starting of a trend. Didn't find quality zone. Placing a long position in HV DZ. It is far from price. Chances of getting filled is less. That's the best setup I find in this instrument. Risk= $250. Target= 1.1 from entry.
