Russell 2000: Retest Pennant??Major Pattern: Weekly Rectangle
9-10 Feb Bearish Engulfing possible retest (possible anticipatory sell, low risk)
Below 2000 will confirm Pennant
MMMicro E-mini Russell 2000 Index Futures
2,260.0USDD
−20.0−0.88%
As of today at 11:47 GMT
USD
No trades
M2K1! trade ideas
$RTY Gartley x Cypher $NQ, $ES, $VIX Shorts, Incredible RR We caught a beautiful short across all indexes and a 2x short on NQ I will include those set ups, all based off $VIX Bat pattern, that gave us a reason to find asymmetrical risk shorts in $RTY, $NQ, $ES
I think $RTY will test 618 and hopefully fill 786 level, Stop against low of X, aim to. I will post my entry if it comes
tp 1 @382/ stop even, take 1/2 + profit off
tp 2 @618
tp3 @ top of pattern
These plays were next level shorts, worth checking out.
$RTY
$NQ
$ES
$NQ Pullback
$VIX
1 to 1 correction complete on IWM, looking for a 5th wave and 3kSo many growth stocks look similar in that we see large flat 3 wave corrective action that appears complete to me. This could be the blow off beginning. Typical for 12 months from tightening to top. Maybe its faster this time we shall see.
It's been a tough yearHaven't posted much because nice setups are hard to come by. This year has been very volatile so far. I do think we will see more of that in the coming weeks. One thing I have been looking for is for market to form another higher low. /NQ tested the 20sma wasnt able to hold so for tech I am watching what happens there. We could see another test of the lows or this can form a higher low as well.
On the other side I think small caps (RTY,IWM) can be a great short. Been watching this setup develop and I dont care to guess which way it breaks. If it cracks the lower trendline I will short and use that trendline as my SL. Same goes for upper trendline, that breaks and I will go for calls.
The best strategy for right now is to not be biased on market direction. Be flexible and able to change with market sentiment. For the most part I have been scalping and will more than likely continue until we see some sort of a trend develop.
RTY1-IWM-Russell 2000The OVERALL INDICATOR As it moved last week the most to the downside out of all indices. I've highlighted the important zones to the upside (supply zone) and downside (demand zone). Overall I'm expecting a bit more downside (1 to 2% max) drop before earnings and Fed kicking back markets up for a week or two. Mid February . Once Markets go up to 100 ema, i will continue the LONG TERM view shorting. Expecting a 20% drop overall on all equities.
Russell Leading The Dax?In this update we review the recent price action in the Russell and the Dax and identify some high probability trading patterns to take advantage of
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