Russell's Temporary Breakout 10/4/2020RTY at the daily view. The RTY finally broke out of its short-term resistance (blue line). However, it's still in a giant sideways to slight downward channel. Furthermore, RTY has been in a general box between 1400 to 1600 for years. The reason for its sub-1400 days was due to unusual bear market events. The reason why it was above the 1600s before is because TSLA was once part of the Russell 1000 - now part of the NASDAQ. Russell is actually one of my favorite indices to trade because of its predictability. Now, we are see tech going down and small caps going up. That kind of reeks of institutional movements - much like what happened in July. Not much to say. Russell is literally one of the few indices or sectors that I short when it reaches around 1600 - might be a little lower this time. I plan to long when it reaches the mid-1400s. It's been in predictable trading box which is why I really like it. by Itsallsotiresome1
RussellPerhaps time to short, at least tactically. The Russell has fallen below both the 50 and 200 day moving averages and seeming confirmed a breakdown below a descending triangle (sloppily drawn) the began to form at the beginning of the month. On a daily chart of standard candles there is a gap to fill around 1423, perhaps we are headed there now. A trailing stop above the 10dma to stem any bleeding in the event of a hard reversal (JPow flaps his horse lips some more tomorrow) and the Fed put is still alive as far as we know so shorting is always uncomfortable. Trade accordingly. Shortby austrian_traderUpdated 0
Short when RSI is really High with Supply ZoneDo not double down or go against the trendby thong5future1
RTY Overbought on MFIExpecting another pump and dump tomorrow, here's why... RTY is overbought on MFI and YM is close. Maybe we just get another sector rotation back into NQ because that's oversold.... who knows. I'm calling for a gap up and tank tomorrow, or bare minimum a whipsaw day.by hungry_hippo2
Monitoring the RTY Monthly time frame for the next big push. RTY should soon approach the monthly resistance. If resistance holds. Market could fall... If it breaks through, could be a big bull push. Will keep my eye on it. Longby JoshuaMartinez3315
When It’s best not to trade...No trading after 8:45 CST on FOMC day... heavy chop zone in the M2K_f right off the bellby HumbleFutures1
Decision time for the RUTLet's start with the bigger picture In the weekly time frame, last week's low may have created local support at ~1478 that bulls can fall back to without losing their lunch, but if it goes, i'd be looking at a slip into the 1430's with a dip below that opening up the flood gates into the sub 1300s. If we do slip down, but hold, it will encourage the overall bull trend to pick back up and look at resting > 1500 resists like 1535 and 1580. In the small time frame, the early morning and into open will be key. Futures will be melting up, due to the overall longer-term bull trend, but will it hold the open? My opinion is no, but the numbers will be the deciding factor. Can the open hold 1500? If not, there will be a lot less pressure on bears and shorter-term bulls will start looking for exits as it will mean the (bull) flag started the first week of Aug is failing and could pullback all the way back to 1473, picking up momentum on the way. On the way up, the critical levels are gonna be 1523, 1537, 1551 -- if these are taken, and hold, then it likely is game on for bulls and they can sleep well. On the flip side, on the way down 1506, 1479, and 1451 are Danger, CRITICAL, and TOAST. Overall, in the Daily time scale, we are in a bear flag and bulls are fighting to recover some ground in the 1495 - 1523 range, so I expect most the day to range between those, all things being equal I don't like to comment on scales lower than daily, since it gets outdated quickly, but one thing I did notice tonight was price falling shortly after the 15m made a BULLish cross on the 20/50 smas, which is tempered confirmation that this pre-market activity on Sunday night is just that, pre-market, no commitment -- low volume, no real churn/price discovery, just bulls getting positions and bears biding their time. by oranjcrush0
RTY - Possible Downward Channel Forming 9/12/2020RTY at the daily view. It seems that the RTY is stuck between an upward channel and a downward channel. Since liquidity levels are dropping pretty fast, that downward channel is starting to become more legitimate. If so, there is a gap at 1419 that has yet to be filled. Algorithms and the selloff can head over there pretty fast. Since liquidity is back going downwards, it seems RTY is going to back as my favorite short target again. Unlike the NQ, RTY is a little more predictable in its bigger levels. That's what I like about this index.by Itsallsotiresome2
+1,700 Tick push on RTY. Read Description Carefully!The RTY daily time frame is now hitting the inner up trend line. If support holds I am expecting the market to push bullish and break above the 2019 resistance level. I plan on looking for counter trend line breaks bullish in the buy zone starting Monday. Longby JoshuaMartinez101027
RTY small cap update 9/2 amRSI touched overbought and it dropped. Appears there will be no breakout yet.by hungry_hippo112
My guy RTY BACK AT IT AGAIN. GOOD OL' RUSS!LONG @ 1570.0 (4HR) SL @ 1558.0 TP @ 1605.5 HELD ABOVE SESSION POC (GRAY LINE) LOOKING FOR RETEST OF POC (RED LINE)@ 1580.20 IF IT REJECTS THEN PRICE WILL LIKELY PULL BACK TO SESSION POC (GRAY LINE) OR BELOW TOWARDS VWAP (PURPLE LINE). IF IT DOES NOT HOLD VWAP I WILL BE LOOKING TO GO SHORT. LETS SEE HOW THIS TURNS OUTLongby King_Kemet_the_Day_TraderUpdated 0
RTY will small caps break out?Certainly looks like it wants to. Note: the market might tank before small caps get a chance to fill the COVID gap. All other indices are overextended.by hungry_hippoUpdated 222
RTY1!Flagging. Breakout and first resistance is at 1605. 15% of this is financials, which has been a big laggard, so will need participation from that group if a move is going to happen. by tdrake21390
RTY pivotal point! RTY1! RTY futures are at a pivotal point in price, looking at breakout territory. Since most of the indexes have made their new ATH. I am expecting the same in RTY, the caveat to this is that the stocks within the index need to recover, and since these stocks are small caps, it may be a little while before they recover due to economic impacts suffered by COVID. But this setup looks great on technicals, we can either chase long on the breakout or flip short if trend is broken.by UnknownUnicorn19465971
RTY1!Breaking out from flag here. Lets see if it hold. (No position but am long various equities).Longby tdrake21390
RTY1!Big spot here for the RTY. Either continues in channel to 1600 or breaks and could see 1515. Best to wait and let price tell you where it wants to go. (No position)by tdrake21392
Russell 2000 Elliott Wave Theory PerspectiveDo not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licensed professionals If you need it. Please support us to help more people.. 15:07by HDFX-Trading3311
RTY1!Consolidating to 21EMA. Break of flag and cam go to ~1600. If it cant hold, it can see 1515. No need to guess. Let price be the guide. by tdrake21390