Long Russel 2114 was a nice entry point1st target a double top on the 1 hour chart
2nd target the trailstop below the low of the 1 hour chart
3rd target a 38% extension on top of the correction that will happen soon...
USSMALLCAP2000CFD trade ideas
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I have lots of technical and fundamental reasons that this correction will be different and is going to be more than 10%, you will see the technical reasons in my charts. Let’s review the fundamentals:
1- The most important factor is limiting margin for hedge funds by banks, after Archegos capital management phenomenon..!
2- The Buffett Indicator was at elevated levels before the dotcom crash of 2000 to 2002, and before the financial crisis of 2008, but at respective values of 137% and 105%, lower than today's reading of 157%.(Stansberry research)
3- Americans are now holding more money in stocks than ever before... and that includes the peak of the dot-com bubble. The data is from JPMorgan Chase and the Federal Reserve. It includes any stock that folks may hold in 401(k) accounts as well.
Right now, 41% of our financial assets are allocated to stocks. Again, that's higher than the dot-com peak of 37%.
4- Constant money out flux since early 2021 which decreases the trading value in more than 95% of stocks!
5-Margin debt stands at $822 billion – an increase of more than 25% since September of last year.(Stansberry research)
Conclusion: Any factor that limits new money influx will have negative effects on markets, and Bubbles always burst when they have their biggest size!
To protect your capital:
*Use tight stop loss even for your long-term investments.
** Hedge your positions using inverse ETFs like SQQQ, SPXU,…
*** Always accept the loss when it is small, if it becomes bigger it will become harder to accept!
Moshkelgosha
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US2000USD (Russell) - LONGThis appears another nice buying opportunity in the RUT.
RVX (Russell Volatility is not breaking out to the upside)
Dollar remains weak, commodities strong.
Nothing in the cycle has had a meaningful change yet, nor has the LT trend.
This appears another higher low in the cycle.
RUT - Russell 2000 on decline? - sharp drop and reverse in play!
Wolfe Wave on 15min - sign of a massive quick drop to support a final major trend reversal
a massive Bat harmonic on DAILY needs to finish
divergence on H&S top on major time frames
similar H&S structure to Feb/March 2000 drop
BLACK SWAN? - a Russia(Belarus & Turkey) WAR against Ukraine
Russell 2k - LONGLower bound of calculated range on price and volatility, potential nice wave pattern forming. Needs a little room its been the laggard of the indices, but so so was Nat Gas or XLK for a while, then kapow, the vol sinke and the consolidation ends and the rally ensues. Patience is key. Will post update with SL and another chart, we had our fill in futures at 2211. Todays calculated range 2229-2271. Also, SPX implied vol premium is high while it too is near the low end of its calculated range. These are positive or bullish signs.
Russel is lagging but may reach 3,000 Russel 2000 does not demonstrate strength yet, and the most probably scenario - it to go towards 2,000 level first before the uptrend resumption. That will be a perfect level to buy in with target around 3,000 which is the upper line of multi year channel.
If the wave count is correct, then we are in the 4th wave, which should be a zig-zag, as per rule of alternation since wave 2 has a flat structure. So, one more leg down is missing, and we can see that price is experiencing problem with making new high while S&P500 and Dow are rising.
Russell 2000 Holding the 50-day SMAThe Russell 2000 had a strong move coming out of the vaccine news in November. It’s been consolidating for the last two months and now may be ready to continue higher.
The main thing jumping out of today’s chart is the 50-day simple moving average (SMA). RUT tested it in early March and has chopped on either side of it since. But now prices are trying to hold it as they squeeze into a tight range.
Second, notice the relationship with the 10-day SMA, which is rising up toward the 50-day SMA. Other times when it crossed above in May and October were followed by periods of strength.
Finally, notice how the MACD histogram has inched back from bearish toward neutral. Like the 10-day SMA versus the 50-day SMA, it hasn’t crossed yet. But it could be worth watching.
Overall, the data seems to be confirming the economic recovery and restrictions are loosening in various jurisdictions. Small caps have been one of investors’ favorite ways to position for that reopening trend, so buyers may return as the summer approaches.
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RUT Bullish wave (5) RUT daily chart shows small caps is setting up for a wave (5) rally that could reach 2528. Up to the daily time frame and above, the RUT remaining bullish against the wave (C) support level at 2100 for now. We are interested in establishing long positions like a bullish vertical that expires in May 2021.
RUSSELL 2K for a move to 2k?Small caps have underperformed of late and price action in the Russell is testament to that. We've seen three bearish outside days this year, and granted the sample size isn't huge - a function of viewing this on the daily - but in the prior two episodes, we saw the index fall around 9.5% on average in 7 trading sessions. With bond yields creeping higher, amid ISM manufacturing and NFPs due this week, will small caps continue to see outflows? If we see follow-through and price through yesterdays low then 2k could well be on the cards
Buying Russell2000 on the break of 1h counter trend line breakRussell2000 is in uptrend on Daily chart. It broke above 1h down channel resistance line and got into BUY ZONE on daily. On 1h it is starting to move higher. Buying Russell2000 on the 1h counter trend line break bullish in the BUY ZONE. Target - 1h fib ABCD D extension. Stop = below current 1h fib ABCD A.
Russel may be at the last push before reversalLast leg down closed bearly higher then the one before, I can see steam running from it.
It may be making hourly H&S, so watch for it.
Spy and QQQ will go higher before reversal, but if I see weakness in RUT over next 2 weeks it will be a sign for me that general market reversal is near.
For next week I think will go up.
I took large position with TNA on Friday before that crazy green candle was printed, so Im going to swing it for next few days.
Good luck everyone
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