Russell 2kKeeping a close eye on this consolidation. Potentially forming an inverted h&s at support with a bullish RSI divergence. Could still be bullish on a lower low if the RSI divergence holds up. No bias at this point
MMMicro E-mini Russell 2000 Index Futures
2,124.8USDD
−4.5−0.21%
As of today at 02:56 GMT
USD
No trades
M2K1! trade ideas
RTY1! Gold Oil12.1.21 RTY1! Gold Oil: On this video I compared three markets, one of them was contracted and the other two were volatile markets. You do not need to trade many markets to be profitable, but you need to avoid markets that are contracted and don't give you a sense of probability that is to your advantage. Contracted markets are more difficult to have a sense of probability unless they have a fairly well established range with enough distance between buyers and sellers, and that's what will allow you to have a better sense of probability because the vertical range is enough for you to make a decent profit. If you have too many markets that you need to focus on, this can be very counterproductive, and you can waste a lot of time in markets that are likely to deliver a decent risk reward. Most people don't really understand why they can trade profitably for a few weeks or a few trades, and that everything turns sour. They know it doesn't feel right, but they haven't conceptualized with the markets doing. It's a very well-known phenomenon that some traders can have very profitable periods of trading, and then a short time later lose almost all their games. It can be so disconcerting that they will go through cycles of changing their charts and their indicators, but they don't realize the broad difference between expanding markets and contracting markets. This can go on for years. Most traders who start trading, losing the markets, and stop trading. Bobby's Homework Assignment: study the last three or four videos and notice the difference between expanded markets and contracted markets. Make a note to yourself that even in parish markets, even prolonged bearish markets there will be periods of time where taking a long position will be very profitable. This is absolutely a fact. One reason this is important is that most traders are all or nothing, and they're either bullish or bearish, and there is no flexibility in their assessment and their ability to be flexible. Don't Be That Way!
Multiple Chart TypesConsider using multiple chart types when performing technical analysis for a clearer picture of what the market may be telling you. Here is a tri-screen view of Traditional Japanese Candles on top, Renko Candles in the middle, and Heiken-Ashi Candles on the bottom. Each setup has something to share.
RTY, Looking for Bullish U-TurnThe RTY daily time frame has created an up
channel. The market is near the bottom of the
channel and showing signs of a potential bullish
push towards the top of the channel price point
2487.5 about +2,699 ticks away. It will be a good
idea to turn to the one hour time frame and to
look for low prices in the buy zone.
RTY1!11.27.21 Russell 2000: I like to use multiple time frames. Most of the time I end up using two time frames. I always look at the daily chart, but the second timeframe is usually the 240 minute chart or the weekly chart. It's a little more complicated to look at two charts, but I believe I can make more objective and more accurate decisions which makes it worthwhile. In this example you will see things in one timeframe that you cannot see in the other, no matter how hard you try. You have a choice to think of this as a conflict that is not worth the effort. I think if you work with us a little bit you will find the advantages outweigh the inconvenience. Different time frames, give you different information at times, but the differences can actually help you and in many cases find opportunity, or avoid loss. People try to use different programming tools, and they can create the same kind of conflicts, but if you think about it, looking at moving averages or CCI's or stochastics in many ways are subjective and often don't work. Pick your poison: I'll take two time frames, and I will give you one timeframe, a CCI, a crossing average and two more oscillators of your choice.
iwm updatepreviously i discussed the requirement for iwm to break-out of the range it was in \ consolidate above it & hold to see continued upside for that final fifth wave.
we've broke out finally, but is this a real breakout, or is it just another trap?
i'd like to see it consolidate up here for at least another week before making any kind of decision.
if it could pull this off, we'll see small caps go parabolic for a bit.
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20 year count 👇
Hustle in the RussellAnother straight forward idea, RTY came back into a very nice retracement area with the down sloping trend line and horizontal support from the September high. This is a great area to add for a bounce and a stop would be a daily close below today's low. The target is around the 2380 area, and if all goes well it should tag it before the end of the year.
Russell2000 Correction CompletingIN this update we review the current corrective cycle in the Russell and identify the next high probability trading opportunity
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Russel 2000 Continuation TradeIn this update we review the price action in the Russell break out trade and identify the next high probability trading opportunity
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Russell 2000 Futures Headed To 2668?Exactly one year ago this month the Russell 2000 broke out to new highs and many were calling it the November to Remember as the RTY had an all-time record 18.4% monthly total return This November the Russell 2000 is also breaking out to new highs and on my strategy the look is exactly the same as last year. Will this be another November to remember? I think so, but I don't think it will be an 18.4% rally like last year. I do think that the RTY could rally 10% and look to test 2668 before the end of the year. I use Bollinger Bands with 20 period, 3 standard deviation settings along with a simple 10 period simple moving average on a weekly, daily and 60 min charts as my strategy for this long swing trade.
RTY UpdateThis is what I mean by pump and dump, look at the sell volume in the morning.
The algos have managed to convert futures trading into a pump and dump scheme and teh dip buyers are letting them make their money, lol. Small caps still flat despite the dump. Sideways action until the dip buyers are gone.
Watch MFI though, as soon as it goes oversold we'll see another pump
