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 trade ideas
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
Long RUT on the 76.Big decision point here for RUT as it gets to the 76 of the rally from the low in 2022. Whatever happens here will usually be important. Breaking here will open up a much bigger downside break and holding here will mark out the low for the foreseeable future. High RR on the long here. Short bias if the stop on the long breaks.
Looking for a US2000 rally.RUSS2000 - Intraday - We look to Sell at 1855 (stop at 1875)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A higher correction is expected.
Our short term bias remains negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1795 and 1765
Resistance: 1870 / 1910 / 2025
Support: 1815 / 1765 / 1720
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Russell 2000 potential for bullish rise to overlap resistanceLooking at the H4 chart, my overall bias for RUT is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a buy entry at 1893.8737, where the 38.2% Fibonacci line is. Stop loss will be at 1722.0208, where the previous swing low is. Take profit will be at 2134.4378, where the overlap resistance is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
US2000 being a good market buy?RUSS2000 - Intraday - We look to Buy at 1910 (stop at 1890)
Selling pressure from 1939 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
The bias is still for higher levels and we look for any dips to be limited.
Previous support located at 1900.
Preferred trade is to buy on dips.
Our profit targets will be 1965 and 2025
Resistance: 1960 / 2025 / 2095
Support: 1910 / 1870 / 1815
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Rut trying to set the higher highAfter double bottoming around 1700 as we predicted
And rejecting the primary downtrend (fan - burnt orange)
RUT is now attempting a higher high (blue construct)
It’s also nicely rejecting fibs as it progresses upwards
I believe it will go higher in the next couple of months
I see most upside in small caps
GRI 2023
Russell 2000 potential for rise towards overlap resistanceLooking at the D1 chart, my overall bias for RUT is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 1889.4148, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 1722.0208, where the recent swing low is. Take profit will be at 2134.1183, where the overlap resistance is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Fadig into US2000 early optimism.RUSS2000 - Intraday - We look to Sell at 1935 (stop at 1955)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
The hourly chart technicals suggests further upside before the downtrend returns.
We look to sell rallies.
Our profit targets will be 1875 and 1840
Resistance: 1910 / 1960 / 2025
Support: 1870 / 1815 / 1765
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
spx at a key spot- grow or else!SP500 stocks are at key 200 level and we are waiting to see which way the crowd takes us next.
Bulls say we soft landed and economy is still strong.
Bears say we have yet to feel the full effect of the tightening and higher costs.
I lean bearish and believe the full effect of rates will take time to hit. In 2005/6 when housing was booming and rates were ratcheted up, we didnt turn in the market until 2007/2008. So this isnt mtv or microwave popcorn, stuff takes time.
If Im wrong on this, it will be because fed eases and funding fuels the next years of growth and inflation, which is the opposite of what Jerome Powell blatantly says.
We shall see soon either way.
Stay safe and dont take more risk than you can handle.
Cheers.!
SP:SPX
Russell 2000 Potential for Bullish ContinuationLooking at the H4 chart, my overall bias for RUT is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Look for a potential buy entry at 1789.4537, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 1722.0208, where the previous swing low is. Take profit will be at 1911.6949, where the overlap resistance is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
RUT Russell 2000 Santa Rally U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for RUT Russell 2000 is $1860.
Looking forward to read your opinion about it.
Is now the time to buy stock indices?The Russell, and other stock indices, have been in a retrace move since November 2021. High inflation and fears of a predicted recession are the driving force of the current downside.
Is now the time to re-enter equities? Is the retrace move coming to the end? Have the markets found a bottom?
Here are my thoughts...
Fundamental Analysis
Inflation is coming down and seems much more under control. High inflation and rate hikes are no longer a shock to the markets but have become a norm. Obviously, inflation is still high but it does look like it has peaked. The markets are expecting further minor rate hikes to continue to bring inflation down to a more healthy rate.
Last weeks US non-manufacturing PMI figure suggests that the US could be heading into the expected recession - what has been predicted by many over the last 6 months or so could be starting to crystallise. A recession is not a good thing, but recession could be good for the equity markets, as economies will be acting as most analysts and traders have been expecting, which brings some sense and stability to the markets.
Technical Analysis
The retrace move recently found support around a key weekly horizontal level and around the 50.0% Fibonacci retrace level. On lower time-frames, price has closed above a consolidation area. All is marked on the chart above.
Summary
So, going back to my original question... 'Is now the time to buy global stock indices', my answer is 'I don't know', as nothing is certain within the financial trading, no trades or analysis is guaranteed. Saying this though, I went long last Friday based on the analysis in this post. If price does swing lower, my next areas of interest are around 1650 and around the weekly 61.8& Fib level.
Things to beware of are; inflation starting to climb again, a deeper recession than expected. Either of these things (hopefully not both of them!) could bring stock markets lower.
