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US 2000 IndexUU

US 2000 Index

2,019.3USDR
−5.6−0.28%
As of today at 08:10 GMT
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US2000 trade ideas

Russell 2000 (RTY) Bearish Sequence Favors DownsideRusell (RTY) shows a 3 swing from July 31, 2023 high favoring further downside to reach equal legs target. It breaks below August 25 low confirming the idea. The drop from July 31 high is unfolding as a zig zag correction Elliott Wave structure. Down from July 31 high, wave A ended at 1832.80 and wave B corrective rally ended at 1934. Wave C lower is currently in progress as a 5 waves impulse structure. The Index has broken below wave A at 1832.8 confirming the next leg lower has started. Down from wave B, wave ((i)) completed at 1849.40. A flat wave ((ii)) ended at 1892.70. The 1 hour chart below shows the wave ((ii)) starting point. Index then resumed lower in wave ((iii)) ending at 1780.40. Currently, the market is developing wave ((iv)); therefore, we expect a corrective rally in 3, 7 or 11 swing before it resumes to the downside in wave ((v)) of C. Near term, as far as pivot at 1892.84 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential target lower is 100% – 161.8% Fibonacci extension of wave A. This area comes at 1705 – 1749.
CAPITALCOM:RTYShort
by Elliottwave-Forecast
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.
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by grantfxdaily
US2000: Thoughts and AnalysisToday's focus: US2000 Pattern – Descending Triangle Pattern Support – 1840 Resistance – 1870 Thanks for checking out today’s update. Today, we have run over US2000, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The Russel isn’t a market I normally watch or trade, but the descending triangle pattern did catch my eye today. Overall price sits in a range, but it has broken a trend on the inside and set up a LH. These patterns are normally seen as bearish after a trend break, but support looks rather firm at this stage. With the FOMC coming up later this week, watch out for a false breakout lower that closes higher. This could set up a higher breakout. If sellers continue to push at support, look for a solid close-through support with a new failed rally that sets a new weekly low. It’s going to be interesting to see which side gets the win here. Have a great day and good trading.
EIGHTCAP:US2000
by Eightcap
RUSSELL 2000, Trading Above Keylevel With Continuation Possible!Hello Traders Investors And Community, welcome to this analysis about one of the major stock market indices RUSSELL 2000, its 4-hour timeframe perspective, the recent price-action, the current formation and what to expect from the index the next times. Similarly to other preliminary indices the RUSSELL 2000 has recovered from its heavy corona breakdown seen this year but this does not mean the bear-market is overall over, in this case, all the main stock market indices begin to struggle with their uptrend growth and either consolidating or already building up downside potential, therefore, it is important to look at the facts and realistically measure what is possible in the next times and what is unlikely to do not get overwhelmed when things move into the reverse perspective, therefore I detected some important signals which will determine the further outcomes of this index. When looking at my chart now you can watch there that the index formed a symmetrical triangle below the meaningful falling resistance marked in blue which formed by the all-time-high and the tops formed in last price-actions. This triangle has successfully confirmed to the upside and the index managed to closer above the important falling resistance line where it consolidates currently as you can watch it marked in my chart, this consolidation and breakout occurred are two decent bullish signals playing to the possibility that the index can continue with bullish rising to the upside when there do not come any bearish signs which invalidate this scenario again. Furthermore, the trading above the 60-EMA marked in cyan in my chart is supporting this scenario which will be confirmed properly when the index manages to break out of the consolidation and move on as it is shown in my chart. Taking all these factors into consideration the index currently provides a more bullish than bearish outlook on the short-term, this is really important to note that the index has some potential in the short-term but it will run inevitably into resistance levels higher in the structure, this means a bearish reversal is not totally out of the sight as the uptrend begins to struggle and slowly don't this should not be kept by side. Also, the real economic situation is still providing a big divergence to the stock-market where real economy is damaged by corona and the stock market making almost exceptional growth to the upside where retail moves into the market while smart-money stays out of it this isn't a healthy environment where both factors real economy and stock-market growing together and therefore should not be ignored considering the next months and outcomes where the speculative rallies can reverse and lead to a shaky downside environment. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Information provided is only educational and should not be used to take action in the markets.
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by VincePrince
1
Russel 2000 is respecting the trendlineTVC:RUT touched the trend line and got a nice push. The price may sideline here a bit. If the push continues for SKILLING:NASDAQ , the money will start rotating to small caps back again. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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by WhaleGambit
Long RUT for a new possible new high.At this point I am not entirely convinced my overall bear thesis is correct. I am starting to think I may have been able to use a set of good signals to work out high probability resistance levels in 2021 which have produced good shorts but were ultimately pullback levels rather than top levels. The big bear thesis has not failed yet. I do still think there's a risk of it. But at this point I'd put the odds 75/25 bull/bear over the next highly significant swing. If this is happening, the lagging RUT (Which looks exactly like SPX did at 3900) is an excellent catch up trade. Let's be clear ... I still think a major bear is coming. I just am considering the risk of it not coming for a while is too high to ignore. Sooner or later a crash is coming and it may be spectacular (Babson) - but "Later" would be a big problem if over committed now.
TLong
by holeyprofit
4
LONG opportunity in Russel (RTY)Context: Weekly - uptrend (UT) Daily - downtrend (DT) Last day: Value moved down but left very poor and weak high Special notes: Daily RSI is in oversold. Price at DMA200 support Conclusion: A lot of selling in the last 10 days. Market is getting too short and needs to cover those shorts before moving further down. Last day indicates lack of strong sellers, which creates opportunity for short-term bull bounce. DMA200 provides logical support Disclaimer I don't give trading or investing advices, just sharing my thoughts
CLong
by hermes_trisme
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)
CLong
by DaveBrascoFX
3