RTY1! trade ideas
RTY1!11.9.21 Russell 2000 Looking at the subtle and not-so-subtle clues of a raging market expanding higher. Bobby's Homework Assignment.
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
RUSELL 2000 Close to break 10-Month LateralHi,
You can wait for it to confirm the lateral breakout and retest the broken level.
If the RUSSELL 2000 breaks this 10-Month lateral movement from my POV is the best signal that we are still in a bull run, and at least we've a 10% upside potential.
Luck!
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.
My best bet in going in selling No to much to talk about indices but I really thing it's a slumping after huge upside.
RTY1! (Russel 2000 fakeout or breakout) ? - Fakeout so far.(Opinion only)
Just a chart, think for yourself. :)
RTY longLong RTY
After consolidating of roughly 185 days, it looks like the RTY is ready for a nice break out
First target 3463 zone
Second target 2600 zone
Invalidation day close below 2284
Russell 2000 measured move after the breakoutRTY/IWM looking for a measured move after a long consolidation. I'm thinking it will retest the high of 2366 before the run.
RTY UpdateMFI went overbought as expected, but RSI didn't because of the indirect effect from AAPL and AMZN miss.
Could go either way Monday
Russell2000 Trading Wave 5 In this update we review the set up for a wave 5 extension in the Russell
RTY UpdateLooks to me like it wants to go overbought again. I told you guys yesterday it was oversold.
Small caps probably rally tomorrow since it's Ponzi Friday, ES and NQ direction will depend on AAPL and AMZN earnings, but I'm stating teh obvious.
RTY1!10.28.21 Russell I am multitasking on this video. There was something to talk about on the Russell, as there could've been short trade here using opening price. This market has become a little bit more difficult to evaluate because of the way it's moving, and sometimes it's not clear to you, and it's not easy to have a comfortable sense of the market. So I talked about that. On a private chat I sensed that that trader might be getting stale. If you trade long enough you will have many periods when this will happen. You have to respect this. You need a break. There is something else which I think it's very important from my own experience, and that is if you're learning something new and you're getting ready to make changes in how you will trade, you should use this opportunity is if you only have a couple of months and learn as much as you can while accepting digital have to work extra hard because it's not something that's very clear to you in the first place. This will cut through the initial learning phase when you have the energy, and it greatly increases your chance of using new information because the first part of learning is the hardest, and now you have momentum because you dedicated a month or two. This is not a lot of time when you consider you may be trading for 30 or 40 years. Once you work hard at something, and you take a break, you will frequently find that not only did you retain what you had just learned, but the break from trading set you up for the next period of trading and that this fresh restart results in a better understanding in what you had previously just learned. Well-timed breaks result in more epiphanies. Generally, it is not a good thing to trade when you know you're unclear about the market, or when you just don't feel like trading the market. Take the break.
RTY1! - Wedge Back-TestThe Yearly Bull Flag continues as The Russell 2000 consolidated back to test the wedge pattern. Guided down today by the 2 hour 8 EMA, the Bollinger Bands have opened up and fallen away. Support was found at the Daily MBB.
RTY MFI oversoldRTY MFI oversold, not sure if RSI also needs to go oversold, but looks like a pump tomorrow
RTY UpdateThe only index that actually looks bearish, RSI dropping with MFI.
Could be a mixed open tomorrow. Tech depends on earnings
MY TAKE ON micro russellMy thoughts and analysis on the Russell 2000 Micro/ Multi timeframe/ 4 hour trend, 15 min analysis and 3 min for trading
RTY UpdateSmall caps getting pumptarded. Target is around 2400 around next Wed, but there's a chance it could get rejected at 2350 resistance.
Note that it's close to overbought again, but market doesn't care during a melt up.
Not posting any other indices because all I'm gonna show is a melt up.
Russell 2k futures looking to breakout possiblyfrom a weekly standpoint as the MACD and RSI are making a bullish divergence the Russell 2k has been going sideways for some time. I believe its consolidating to breakout and we are about to do so. Comments are welcomed.
RTY1! - Back Into CompressionThis pattern is nearing an apex, with Opex in the rearview the rotation between NASDAQ the Russell on top watch; driven by yields and the 10 year note.
