US2000 trade ideas
ridethepig | Small Caps Breaking DownA timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in.
Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that its not different this time will continue with the necessary text, the question is whether real money decides to step in and stop the bleeding. After losing support the next key level in play is 1350, and a deeper extension towards 1,175.
Thanks as usual for keeping the feedback coming 👍or 👎
RUT End Of Week EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 85.851 points/ticks/pips. Prices are currently .30x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1393.89 and 1603.60.
While in consolidation the trade range may decrease to 52.53 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1393.13 to 1601.42 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 1444.21 to 1550.33 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1455.21
If strength and attitude continue, it could take between 1 to 2 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 60.00% are bullish, 20.00% are bearish, 20.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Bullish - cover longs.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Close/Cover directional trades
$RUT Small CapsQuick look at the small caps - RUT hasn't been as enthusiastic as the SPX and the Nasdaq. We see that, while it's had its own run since the March bounce, this upward trend line has been broken below in the past few sessions. Next major support is 1450 area. As i've mentioned in my previous post, look to small caps and financials to act as a drag to any bull rallies in the SPX and tech. For the time being, technical indicators doesn't seem to support a bounce or a rally in small caps.
US2000 long (1 hour bullish pin bar reversal signal)there is an massive 1 hour bullish pin bar signal reacting with the long term bullish trendline. Put stop loss below the pin bars wick and ride to the recent highs or even higher (assuming this thing is going to ride itself to the upside with its current momentum)
Russell2000 levelsThe Russell 2000 is showing a neutral posture. A strong market has all main indices alligend if not they will allign at some point. With end of month insight funds looking for performancce might chase index components as they are lagging. Strength in the oil price would help a lot.
RUSSELL 2000, Possible Wedge Forming, These Are Important Level!Hello Traders Investors And Community, welcome to this analysis where we are looking at the RUSSELL 2000 Index 4-hour timeframe perspective, the recent events, the current formational structure, what to expect the next times and how to handle the upcoming situation appropriately. Similarly to other major indices, the RUSSELL 2000 has recovered from its corona-breakdowns seen this year but it is still below its all-time-high where the SPX already formed new highs which are still waiting here, furthermore we have the divergence between the real economy and stock-market already going as well as people already talking about second lock-down measures which can affect the market similarly to these breakdowns seen this year because the real economy will decrease which can have an effect on the stock market as well, therefore, I detected the importances which we should consider in the current index structure here.
Looking at my chart you can watch there that the index is getting slower with its upside volatility which can indicate a reversal into the other direction, furthermore, the index is forming a possible rising-wedge-formation which is often a bearish reversal formation pointing for more downside to be reached in the schedule, the formation is marked in blue within my chart and the index already touched the lower and upper boundary several times to form a coherent wave-count here which will be completed with the final wave E marked in my chart where also strong resistance is lying which can be a turning point in this environment when bearish pressure increases there this can lead to a test of the lower boundary again and a final confirmation of this possible rising wedge formation which will be fully confirmed when the price closes below the lower boundary as it is marked within my chart.
Although such formations can sometimes invalidate bullish to the upside the bearish case should be more expected here as the other factors with slower momentum and resistance coming together. When the index confirms this more likely scenario and activates downside targets at 1300 in the structure it has to be elevated how the index continues from there and if a possible recovery with back-up is possible or more decline will follow. When a back-up is considered it is from high importance that corona decreases and real economy begin to grow again otherwise this will lead to a speculative environment as many retailers coming into the market while smart-money staying on the sidelines, these facts make it clearer that we should not fully underestimate the bearish breakdown scenarios here in order to be prepared on when changes occur to take appropriate action.
In this manner, thank you for watching, support for more market insight, all the best!
"The market is a procrastinator looking forward."
Information provided is only educational and should not be used to take action in the market.
Apocalypse Us Stock Index...We are in for a massive ride to the downside..
Weekly Macro Levels are in play and on the 4H the market is already making LowerLows & LowerHigs..
Wait until the market has left the Setup Structure and keep this trade until the very end!
Only shorts from now on!!
Trade Safe & Buckle up!!
Market correction I’m shorting small caps here. VIX is on an uptrend. All indexes/ assets starting to top out momentarily IMO. In combination of the stimulus package fallout and important economic data coming out soon plus a lot of highs being reached across most markets I have turned bearish for the time being. I have opened up a short on small caps as I believe they’ll be hit the hardest in a correction. I also have opened some long VIX calls, will most likely post something on that later. I am using this as a sort of hedge for my crypto portfolio. I am still Bullish long term on crypto’s but we’re due for a correction. This is NOT investment advice. My published ideas are my own opinions. I use them to hold myself accountable and to try and improve upon my investing strategy.
RUSSELL 2000 Rally (Pequeñas Empresas) (Small Companies Index)
Russell se acerca a un nuevo territorio que podría borrar los viejos números arrojados por COVID. Es técnico hablar de 1700 puntos como la resistencia más dura, pero es la meta en el corto plazo para así nivelar la psicología sobre la recuperación económica.
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Russell is aproaching a new territory which could erase old COVIDS results, it is technical that 1700 points is the hardest top, but that is the goal in a short term.
RUT- The final golden cross for the major indexsAccording to Finviz, more than 75% of stocks are above SMA50 and close to 60% of stocks are above SMA 200. Furthermore, SPX has stayed above 3200 for a month.
Historically, DJI is usually the first index to recover after the market crash because investors want to put their money in safe mega cap and blue chip stocks
during the bottom-out process and time of uncertainty.
However, Covid-19 is producing the favorable environment for e-commerce company and internet/IT services company that power e-commerce to thrive, leading to the NDX's wild surge and SPX & DJI's unusual lag.
Russel 2000, the small cap index, is usually the last one to join the rally because it is usually deemed as a risky investment by investors, especially during the time of uncertainty.
Therefore, when investors flock to RUT (Russel 2000), it could signal and reaffirm the bullish sentiment among investors, drawing the last of doubters and FOMOers into the market.
That time could be now.
RUT en Ascenso/ RUT 2000 RisingQuizás podría golpear el nivel de 1540, pero esto es una señal de estímulo de la FED a las pequeñas compañías.
Ten precaución porque estamos esperando un momento general de volatilidad.
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Maybe it could Hit the top at 1540, but it is a sign of stimulus from FED to small companies.
Be aware because we are holding a moment of volatility in general.
RUT Month End EvaluationTrend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Monthly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest prices are caught in consolidation/transitioning to new direction. Ensure your stops are placed.
Price Action:
Monthly: The average price range currently is 169.67 points/ticks/pips. Prices are currently .04x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 1181.10 and 1537.62.
While in consolidation the trade range may decrease to 104.442 points/ticks/pips.
Standard Deviation
Monthly: Standard deviation suggests a range from 1364.34 to 1596.52 for the following month.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Monthly: Trend strength suggests a trade range of 1375.57 to 1585.29 for the following month.
Price Projection:
The price action has generated a projection signal for the underlying.
Monthly: Price currently displays (if strength and attitude continue) a desire to move toward 1661.72
If strength and attitude continue, it could take between 1 to 2 trade periods (months) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Monthly: Out of the cumulative indicators monitored, 36.36% are bullish, 36.36% are bearish, 27.27% are neutral
