RTY1! trade ideas
Levels for 12.7.22Here are my levels for today. opening in range, will be watching to see if we continue to 1 time frame down on the daily.
RUSSEL2000 RUSSEL2000 will most likely crash under 1500$ if FED interest rate will exceed the expectations this friday. Elliott wave analysis suggests that the decline could be already in progress.
SHORT TILL 1605If we don't break out of pattern (a new high) then we drop like last time.
1605 Target.
Levels for 11.30.22Here are the levels for today. Inside day yesterday after a trend day down ( look above and fail ) . Still in range. Do we break out today?
RTY UpdateMFI oversold but DAX looks bearish on CPI numbers.
Rally probably doesn;t happen until Europe closes. Could just be a whipsaw day with Powell speaking tomorrow
Levels for 11.29.22this is what I am considering our range for now. yesterday we came back into range after trying to break out previous day. maybe more balance today, but am prepared if we want to test lower.
RTY UpdateRSI hit oversold on RTY, ES, and NQ. MFI hasn't yet, so gonna wait to see what happens tomorrow.
My guess is still gap down and reversal tomorrow, but the gap down might not happen since RSI is already oversold. My favorite plays still look like crap and AAPL is falling off the tree, so no long positions until tomorrow and even that is a maybe.
RTY UpdateNQ filled the open gap but ES and RTY did not. I think RTY needs to go oversold before it bounces and fills.
Looks to me like the market is gonna whipsaw sideways this week. No melt up or tank. Powell speaks on Wed, CPE on Thu. Expect whipsaw.
Levels for 11.28.23Here are my levels for today, careful on the open and wait patiently for engagement areas.
RTY! - correction is over, time to go shortAfter an impulse to the downside, Russel 2k seems to have completed a double three correction WXY right into the 0.618 fib level. Time to press the short side. Mind your sizing.
Russel2000 Bear Case.Good evening,
This post is part of a series of requests i recently received.
The request was: "What is your bearish projection on the US stonk market".
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The russel2000, if I'm not mistaken -
has thousands of small-cap stocks within it,
here's my bearish projection for it.
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My estimated top for the russel2000 = $1876 ~ $2392
High probability target = $2036
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My estimated bottom on this one is roughly between $1527 ~ $1163
High probability target = $1324
🔺
Russell2000 futures long by Cosmic GravityCosmic Gravity predicts that the next E-mini Russell 2000 index futures resistance will be "R3 line" after price breaks through the basis line.
RTY is at 200MA max resitance level is from 1900-19005Should not get above 1905 on any test for much lower numbers to be seen next year.
If it holds, might get below 1500 early next year.
Will short 1900-02 zone with a 10-15 points stop.
ideally we see a good move down to at minimum revisit pre CPI day close
Updated Levels for 11.22.22inside levels have touched and reacted properly. Next levels for market engagement.
RTY! - risk to the downsideRussel 2k bottomed with the rest of the market in October, and retraced in three waves, marked with ABC circled. Off the PPI high, the index dropped in five waves, and is now drifting sideways in making abc moves.
Note that other indicies are all over the place, diverging quite a bit. The weakness is primerily in XLK, XLY and XLC, some other sectors doing ok. We are also in a week that should show some strength, so be patient.
