EEE-Mini Russell 2000 Index Futures
2,127.4USDD
+2.4+0.11%
As of today at 02:16 GMT
USD
No trades
RTY1! trade ideas
Russell2000 Trading The Wedge PatternIn this update we review the recent price action in the Russell2000 futures contract and identify the next high probability trading pattern. and price objectives to target
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FOMC Party is over folks!End of the relief rally after FOMC. Lots of shorts squeeze for the big expiry today. We should see a sharp pullback now.
We hit multiple resistances on Russel 2000 on multiple hourly, daily and weekly chart. Current price : 2050, Target is back to 1900. SL 2110
Disclaimer : I have short positions in Russel 2000 as mentioned here. This is not an investment advice but an educational idea.
RTY +1,400 Ticks long ideaThe RTY one hour time frame is in a large side
ways range. The market is at the bottom of the
range. The market is below the short term down
trend line. It will be a good idea to wait for the
market to break and close above the short term
down trend line before looking for long ideas.
Entry: Counter trend line break bullish above
the bottom of the sideways range.
STOP: In the sell zone, below the low that
formed at the bottom of the range.
LIMIT: 2055.7
Once or if the market closes above the short
term down trend line. As long as the market
stays above the bottom of the range. It will
be a good idea to turn to the five minute time
frame and look for tunnel trader long /
destination trader long ideas towards 2055.7
RTY1! - Weekly Market Update, 4/25/22The RTY offered us a close below support but not with the 1%+ weekly confirmation we desire to consider a shorting opportunity at this time. While this market like the other major indices exhibit weakness, this does not meet my criteria to consider taking a trade at this time. However, continued settlements below support should yield 1825 in the coming weeks. I'll need to wait for this one to develop a bit further to for a technical setup. Ascending and descending channel structures have been marked up on the chart for your reference if you're trading this market. I hope you find them helpful! Wishing you a profitable week!
+1,300 Bullish move on RTY DailyThe RTY daily time frame is in an up channel. The
market hit the bottom of the channel and is
showing signs of pushing bullish towards the top
of the channel price point 2127.8 about +1,311
ticks above the market. 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! - Weekly Market Update, 4/18/22Imaged is a WEEKLY chart of the Russell 2000 Index.
Price appears to be caught right between an area of support and resistance.
Price would either need to break through the TEAL structure to go lower, or rally through the BLACK structure to go higher.
The likeliness is the momentum of the larger indexes will pull this price action of the Russell along with it.
I do not see any actionable trade ideas with price residing where it currently does at this time.
Elliott Wave View: Rally in Russell 2000 (RTY) Expected to FailShort term Elliott Wave view in Russell 2000 (RTY) suggests that the decline from November 8, 2021 peak is unfolding as a 5 waves impulse structure. Down from November 8, wave (1) ended at 2136.8 and rally in wave (2) ended at 2288.60. Index then resumes lower in wave (3) towards 1892.40 and wave (4) ended at 2137.10. Wave (5) lower is in progress with the internal subdivision as another impulse in lesser degree. Down from wave (4), wave (i) ended at 2119.30 and wave (ii) rally ended at 2131.60. Index then resumes lower in wave (iii) towards 2079.10, wave (iv) ended at 2102.60, and final wave (v) ended at 2062.80. This completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 2107.90 with internal subdivision as a double there Elliott Wave structure.
Index then resumes lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 2055.20 and rally in wave (ii) ended at 2068.10. Index then resumes lower in wave (iii) towards 1999.50, and bounce in wave (iv) ended at 2031. Final leg lower wave (v) ended at 1978.80 which completed wave ((iii)). Bounce in wave ((iv)) ended at 2030.30 with internal subdivision as expanded flat. Up from wave ((iii)), wave (a) ended at 2015.90, wave (b) ended at 1966.60, and wave (c) ended at 2030.30. Expect the Index to extend lower in wave ((v)) before completing wave 1. Afterwards, it should rally in wave 2 to correct cycle from March 30 peak in 3, 7, or 11 swing before the next leg lower.
Elliott Wave Analysis: Russell-Small Caps May Face More WeaknessHello traders and investors!
Today we will talk about small caps - Russell 2000 Index in which we see nice and clean bearish setup, which means that Russell may face even more weakness in current risk-off sentiment.
From Elliott wave perspective Russell can be trading in bigger, higher degree A-B-C corrective decline, where wave C is still missing. We can see five waves of decline into first leg A, followed by a three-wave corrective rally in wave B, so wave C can be now in play.
From technical point of view, Russell made an impulsive drop from the highs and retraced perfectly back to the former wave 4 resistance area, from where we can already see sharp sell-off that can take us much lower, especially if breaks channel support line.
Well, seems like bears are still in control and we should expect more downside pressure in upcoming days/weeks, maybe even down to 1500 area, but firstly we want to see broken 1900 bearish confirmation level.
Trade well!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Russel2000 On The EdgeIn this update we review the recent price action in the Russell200 futures contract and identify the next high probability trade locations and price objectives to target.
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RTY1! - Weekly Market Update, 4/11Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggest support / resistance for the week of April 11 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. Wishing you a profitable week ahead! Anthony Speciale
Small-cap attack from the short sideLike other stock indices, the Russell 2000 spent most of the first quarter of this year under pressure and then recovered somewhat in March.
With the DMI having bear crossed today, we are taking an aggressive stance and shorting the index at around 2047. We'll record the trade below as soon as it's entered.
RTY1! - Weekly Market Update, 4/4Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggest support / resistance for the week of April 4 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below.
Wishing you a profitable week ahead! Anthony Speciale
Russell Monthly Range Resistance FadeInt his update we review the recent price action in the Russell 2000 (futures contract) and identify the next high probability trading opportunity and price objectives to target.
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Elliott Wave View: Russell Futures (RTY) Looking to End 5 WavesShort Term Outlook in Russell Futures (RTY) suggests the rally from February 24, 2022 low is in progress as a 5 waves diagonal Elliott Wave structure. Up from February 24 low, wave ((i)) ended at 2071.30 and dips in wave ((ii)) ended at 1911.80. From there, Index resumed higher in wave ((iii)) which ended at 2097. Internal subdivision of wave ((iii)) unfolded as a 5 waves impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 2018.30 and pullback in wave (ii) ended at 1970.30. Index continued higher in wave (iii) towards 2086.90, dips in wave (iv) completed at 2047.90. Final leg higher wave (v) ended at 2097 which also completed wave ((iii)) in higher degree.
Pullback in wave ((iv)) ended at 2039.80 with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((iii)), wave (a) ended at 2044.20, rally in wave (b) ended at 2063.40, and wave (c) lower ended at 2039.80. This completed wave ((iv)) in higher degree. Wave ((v)) is now in progress in 5 waves. Up from wave ((iv)), wave i ended at 2079.90 and pullback in wave ii ended at 2043. Near term, while Index stays above 2039.80, and more importantly above 1912, expect Index to extend higher in wave ((v)). As far as pivot at 1912.03 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.
RTY1! Weekly Market Update, 3/28Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggest support / resistance for the week of March 28 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below.
Wishing you a profitable week ahead! Anthony Speciale
