Bearish fib compression on the Russell 2000A nice bearish fibonacci compression is forming on the Russell 2000. We're currently at the optimal entry point.
The indicator can be found in my scripts.
Happy trading!
US2000 trade ideas
Russel2K Long Consumers Expect Further Declines In InflationConsumers Expect Further Declines In Inflation
Finally! Russel is the dirigent in an Stock rally or Crash Orchestra, as it moves faster and is sensitive. Not this time. Whil S+P500,Nasdaq100 and Dow choosed the bullish trend, for longer time than expected,now Russel starts to ralley.
Technically has Russel found a triple strong bullish support, and RSI trend continuation confirmation:SEE THE CHART ABOVE!
The DXY is bearish and that is good for Russel.
Strategy: trend bullish.
Resistance supports (See the chart above)
US2KUS2K Looking good for short, pay attention in my strategy I almost always pyramid my entries as well as TP and usually that long term investment.
So on daily we hit strong resistance, RSI gave us strong double Divergence usually that is a point of changing trend or make correction, it make take a bit before start to fall it might also bump it up a bit where I'm prepare to place another entry.
Russell 2000 over 2000 ?The Russell 2000, a widely followed stock market index consisting of smaller US companies, may experience a rise in the near future. This potential increase can be attributed to several factors. Firstly, the ongoing economic recovery and reopening of businesses indicate increased investor confidence, which could lead to higher stock prices. Moreover, with the current low interest rate environment and the Federal Reserve's accommodative monetary policy, investors might favor riskier assets such as small-cap stocks included in the Russell 2000. Additionally, positive corporate earnings and strong economic data could provide further support to the index's upward trajectory. Overall, considering these factors and the historical performance of the Russell 2000, it is plausible to anticipate a rise in the index, offering potential investment opportunities for savvy investors.
Russell breaking out. Go longRussell breaking out. My first target is 1900, second is 2000 which are the major resistances.
Potential downside on US2000, RTY - SHORTLooks like we have a good opportunity to go short on RTY.
Rejected the weekly trend line and looks like we are forming a double top pattern in the 4 hr timeframe.
Entry - 1980
Stop - 1795 ( I would like to see a 4 hr close over this level or the red sell zone)
First target - 1960
Final target - 1930
Let me know your inputs. Happy trading!
🟩 Smaller stocks are showing valueThe small caps are getting to levels when they show value based on earning yields nad based on relative strenghts.
These are the levels we saw before when the Russell 1000 started outperform the Russell 2000. Hence this is showing a potential broadening of the rally and give confidence to traders to not stick to the Mega Caps (FAANGS).
Rather, this is showing traders, that as long as stocks setup, you can stay synced with the theme.
TVC:RUT and TVC:RUI
ABC CorrectionLooking to buy longterm after ABC correction create wave 4 to complete and impulse confirmation to go long wave 5.
Will US2000 find buyers at market? US2000 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Price action looks to be forming a bottom. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to set longs at our bespoke support levels at 1830, resulting in improved risk/reward.
We look to Buy at 1828 (stop at 1813)
Our profit targets will be 1868 and 1878
Resistance: 1890 / 1940 / 2010
Support: 1850 / 1810 / 1765
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Russell 2000 - Horizontal TriangleThe Russell 2000 (RUT) from its high in November 2021 has a fascinating Elliott wave pattern.
The November 2021 to June 2022 is a Double Zigzag.
From June 2022 to the present it appears the RUT is forming a Horizontal Triangle which is a sideways correction pattern.
If correct, the pattern could complete sometime next week in the area of 1920 to 1975. If it completes RUT could then decline to at least the June 2022 possibly much lower.
Will Small Caps Follow the S&P Higher?The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life.
The first pattern on today’s chart is the rally in early June, a potential sign of the bulls taking charge.
RUT proceeded to retrace half the move before rebounding. That could mean the bulls are staying in charge.
Third, the bounce occurred around 1820. That price area (marked in white) served as support and resistance a few different times this year.
Next, 100-day simple moving average (SMA) crossed above the 200-day SMA in mid-May. The 50-day simple moving average (SMA) is also nearing a potential “golden cross” above the 200-day SMA.
Those patterns not only suggest long-term trends are growing more favorable. They also resemble similar developments in the Nasdaq-100 and S&P 500 before those indexes rallied to new 52-week highs.
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RUT Short "Russell2000"Pivot: 1868.00
Our preference:
short positions below 1868.00 with targets at 1840.00 & 1829.00 in extension.
Alternative scenario:
above 1868.00 look for further upside with 1878.00 & 1891.00 as targets.
Comment:
the RSI is bearish and calls for further decline.
Russel 2000 Long setupConsolidation failed to breakdown, there's no supply so it's likely the market will rotate to the top of the range. If supply does come in now and the market moves lower and breaks down, you must be out of the trade.
Speculative Frenzy...As markets climb higher it's getting closer to where small caps start seeing a lot of $ thrown at them as the fear of missing out on lifechanging gains will be too hard to pass on creating a speculative frenzy.
$RUT $IWM & $RSP looking better = Breadth picking upTVC:RUT went above the SUPPORT line again before it closed
AMEX:IWM (Russell 2k) looking BETTER and better
AMEX:RSP (equal weight #SPX) also looking GOOD, look @ BUY VOLUME! It's performing better than SP:SPX
While we were wrong for couple days, we were RIGHT in the analysis that breadth was going to get better
#stocks
$RUT broke resistance & struggling to stay above, Yield top?TVC:RUT broke resistance & is trading back under again
The only consistent up mover is the NASDAQ:NDX
6Month is at its HIGHEST levels this year
1Yr Struggling here but hit highs
2 & 10Yr nowhere near highs TVC:TNX
All #yields look as if they're going to roll over soon
Historically, #stocks follow this downside on yields
Is this time different?
RUT - An Accumulation All Along 🧐Doomsday bears have been looking for RUT to go much lower and cheering every slump but its been an accumulation all along.
Finding support on the 0.382 retracement is BULLISH and that is also cycle top support.
Now in a tight circled price band - this is patterns within patterns; an accumulation within an accumulation.
Somewhat bowl shaped and plenty of chop show that this bear market was nothing but a retracement to then move on up.
Bullish divergence since the impulsive low BACK IN MAY , now looking to push into the upper quadrant to get the show on the road.
The circled accumulation is printing just below the 50 week MA - good chance it will pop above soon enough and the "Mark Up" bull market will be underway.
Last slump was a re-test of the Supply Line also printing a Shakeout Reversal Pattern through support and 0.382 to then move away from the area and print the accumulation.
Its all there - will be moving on up soon enough 😼.
Not advice.
Head And ShoulderGoing retest neckline and will looking for breakout going higher.
Neckline breakout will wait pull-back and looking long for long term holding position.
US2000 H4 | Close to 61.8% Fibo resistanceUS2000 is rising towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 1753.37 and drop down from here. Our stop loss will be at 1766.20 which is an overlap resistance. The take profit level will be at 1729.46 which is a recent swing-low.
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US2000 H4 | Rising into resistance?US2000 is rising towards a key overlap resistance and potentially reverse from this level. Price could hit our sell at 1764.48 and drop down from here. Our stop loss will be at 1785.23 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. The take profit level will be at 1736.55 which is an overlap support that aligns with the 50.0% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
RUSELL 2000 ANALYSISThis is the first analysis that I am making on the Rusell 2000. Let's get to it
The banking Crisis started towards the beginning of the first week of March. This plunged price to new yearly lows. Also notice that after the huge expansion to the downside, a consolidation followed with it
Within the lower part of the consolidation, Price forms and SMT with NASDAQ. I want to see price to reach into the higher part of the consolidation to take out the Buyside liquidity and into the bearish Breaker Block to take price lower into the Sell-side Liquidity
Russell 2000 - possible bullish count?Is this a possible route for the US small cap index to follow? It certainly ticks a few boxes regarding some fib retracements and extensions and has bounced solidly on my pitchfork midline.
Rocket Fuel for Gold ON-DECK#Russell2000 looking VERY WEAK.
More fuel for #Gold to run up MUCH higher.
gold bottoms when Russel falters
