Russell Targeting Equality Objective at 1937In this update we review the price action in the Russell 2000 and identify the next high probability trading opportunities and price objectives.
MMMicro E-mini Russell 2000 Index Futures
2,136.0USDD
+17.1+0.81%
As of today at 17:38 GMT
USD
No trades
M2K1! trade ideas
Short the RUT forever? Maybe not.Our account is showing a good profit after shorting the Russell 2000 index at 2:00 Thursday afternoon and again at the same time on Friday. Validating our view, the R2K cratered in the last two hours of both days' sessions.
To expect Two O'Clock Charlie to deliver such a bomb every day from now on would, of course, be ridiculous. This chart shows two technical signs of a likely near-term snap back:
The index is lurking at the bottom of a one-month trend channel on the 4-hour Heikin-Ashi.
The index is extended from the 50-period moving average.
Don't get us wrong. If the RUT looks to get hammered Monday afternoon, we'll be sellers. But if it doesn't, we'll be offsetting contracts to take our profits, and ready to watch for fresh sell signals as the RUT reverts to the trend median (or farther) and the 50MA.
RTY - Daily Russell 2000Looking about cooked for now.
2/5 Setting up.
The 2282 was a brilliant SELL, it simply collapsed
from there 250 Ticks.
__________________________________________
Small Caps have no real hope, nor access to Capital.
Later in 2022 after 5/5 completes, this Index will lose
90% of its Price Value.
RUSSELL 2000 SHORTAs we could see, the Russel was going sideways many months. Now we break out of the $2107 support this week. And that is very bearish. If the price will further go down and can not come back to its support level, we could have a much bigger correction (15%). This theory is pretty simple to thought, there is no important support line than $1706 because in this price range was mainly a bull run.
RTY UpdateOversold but that doesn't seem to matter anymore. Broke the support line today
If this is a bear flag or any other 2 step move then it appears small caps could tank until the Fed meeting. Then a Fed meeting pump.
Anyone wanna guess what the overlay is? Note, I did not change the time scale at all.
RTY BullishAs long as it holds the thick blue trend line we should see a nice bullish run. Every time price drops into the 2100 to 2135 zone the buyers are stepping in aggressively and driving price up. Will be going long as soon as the QQE turns positive. Stop just below recent swing low. Not financial advice.
TOP ALERT. Russell 2000Yeah, bruh. That's a top without funny money to help the pump. Watch for a 30% fall from the highs into buy zone #1. This would officially make this a crash but there is nothing saying it will stop there. This is just a technical zone. Follow me on Twitter for more. Or don't. I don't care.
RTY One Hour Long IdeaThe RTY one hour time frame is still in a down
trend. The market is making lower lows and
lower highs. According to the daily time frame.
The market is expected to push bullish towards
2314.5 about +1,412 ticks above the market. It
will be a good idea to wait for the one hour time
frame to break the short term down trend line
and enter into the buy zone. Before looking for
long ideas.
Entry: Counter trend line break bullish in the
buy zone.
STOP: In the sell zone.
LIMIT: 2314.5
Once or if the market enters into the buy zone.
As long as the market stays in the buy zone. 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.
1790 Ticks bullish opportunity RTYRTY E-MINI RUSSEL 2000 is at the support area and support seems to be holding we just waiting for the U-turn wants or if we get the counter trend line break into buy zone that will be our entry signal
entry === counter trend line break into buy zone
stop ====2092.6
limit====2294.2
trade safe
RTY One Hour Long +1,412 TicksThe RTY one hour time frame is in a down trend.
The market is making lower lows and lower highs.
The larger time frame shows the market should
push bullish towards the monthly up future
resistance price point 2314.5. It will be a good idea
to wait for the one hour time frame to break the
down trend line and enter into the buy zone
before looking for buying ideas.
Entry: Counter trend line break bullish in the
buy zone.
STOP: In the sell zone
LIMIT: 2314.5
Once or if the market enters into the buy zone.
It will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
destination trader long ideas towards 2314.5
