UUUS SMALL CAP 2000 - CASH
2,256.96USDR
−7.75−0.34%
As of today at 04:59 GMT
USD
No trades
US2000 trade ideas
RUSSELL 2000. 3 Drive Pattern. Russell has ben leading recently and is getting close to ATHs again.
I'm looking for a turn near the 17oo Double top area, But if it gets there it is likely to take out the top before a reversal lower.
A 3 drive can be the end of a trend.
Watching this one with smaller TFs to get entries.
RUT End Of Week Evaluation*** Comments prior to evaluation summary ***
Orion:4Sight Range for coming week: 1633.14 - 1740.65 (Mean: 1686.90)
NOT A POLITICAL MESSAGE, JUST LOOKING AT ECONOMIC/FINANCIAL SITUATION.
Last week saw a 126.26 point run-up, 169% the weekly average.
News sources say this was due to a potential win by President Elect Biden.
Was it? Perhaps it was because earlier President Trump was leading in the battleground states?
Could we see an equally or lesser sell-off this week? Why?
This is the tax situation facing corporations in 2021/2022 with President-Elect Biden.
Raising the corporate tax rate to 28 percent.
Requiring a true minimum tax on ALL foreign earnings of United States companies located overseas so that we do our part to put an end to the global race to the bottom that rewards global tax havens. This will be 21% — TWICE the rate of the Trump offshoring tax rate and will apply to all income.
Imposing a tax penalty on corporations that ship jobs overseas in order to sell products back to America.
Imposing a 15% minimum tax on book income so that no corporation gets away with paying no taxes.
Raising the top individual income rate back to 39.6 percent.
Asking those making more than $1 million to pay the same rate on investment income that they do on their wages.
(Source: joebiden.com)
It will be interesting to see the futures market on Monday.
Trend 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 long positions
Price Action:
Weekly: The average price range currently is 74.42 points/ticks/pips. Prices are currently 1.56x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 1526.22 and 1652.05.
While in consolidation the trade range may decrease to 45.732 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1574.54 to 1713.77 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 1606.95 to 1690.15 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 1741.12
If strength and attitude continue, it could take between 3 to 6 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, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - No entries at this time. If in, consider covering..
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Russell 2000 (My Dead Friend loved to trade this)Updated View on Russell 2000 (29 Sept 2020)
My dead trader friend loved to trade Russell 2000.
He was the one who showed me the world of trading in 2008-2009.
Due to the family issue, he took his own life in early 2010-2012. Thanks for the memories, Philip.
Memories aside. RUSS 100 is in the strong UP trend and it shall continue to stay so.
1,500 shall act as strong support/ gate keeper for now as long as the level is support well, any sell positions shall be considered as a counter-trend entries and you need to be very fast.
Overall. it is still BULLISH.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
RUT End Of Week Evaluation*** Comments prior to evaluation summary ***
Orion:4Sight Range for coming week 1444.22 - 1549.25 (Mean: 1496.73)
Orion:4Sight Range for November 1522.70 - 1676.61 (Mean: 1599.66)
Analysis is done based on the attitude and strength (or lack of) set up in the indicators on a weekly chart as of close Friday. Any news released over the weekend or during the follow on week can greatly impact the charts. Under normal world circumstances, I would say that most of the news is already playing into the charts as traders anticipate. However, 2020 is a little more different isn't it? So, what is the news?
Covid cases increase, they say maybe no vaccine until 2021 and world wide distribution until 2022, Europe locks down (Spain, Belgium, France, Germany), Winter sets in, Movie Theaters close, Restaurants and bars close, economy slows. America is getting ready to vote.
2020 by itself could be a Billy Joel song. "We didn't start the pandemic".
This week the RUT moved 109 points, the 21 day average is 77 points.
Trend 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 close current positions.
Price Action:
Weekly: The average price range currently is 77.37 points/ticks/pips. Prices are currently .24x 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 1432.57 and 1652.05.
While in consolidation the trade range may decrease to 47.586 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1607.34 to 1469.62 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 1490.67 to 1586.29 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 1471.12
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, 70.00% are bullish, 10.00% 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, profit taking/trend switch in process.
RUT End Of Week Evaluation*** Comments prior to evaluation summary ***
This coming week is earning from very large (186 of them are SP500) corporations, the news from Europe is looking grim as Spain declares a 6 month state of emergency and of course American politics.
Anyone saying, with this amount of news pending, that forecasting is accurate is foolish. All I can say at this point is that the close of the week was neutral pattern bar.
Orion:4Sight Range for coming week 1626.91 - 1733.21 (Mean: 1681.56)
Trend 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 long positions
Price Action:
Weekly: The average price range currently is 78.34 points/ticks/pips. Prices are currently 1.613x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 1541.20 and 1652.05.
While in consolidation the trade range may decrease to 48.204 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1708.49 to 1572.52 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 1606.33 to 1693.91 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 1741.12
If strength and attitude continue, it could take between 3 to 6 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, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
RUT End Of Week Evaluation*** Comments prior to evaluation summary ***
Orion:4Sight Range for coming week 1541.57 - 1644.34 (Mean: 1592.96)
Trend 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 long positions
Price Action:
Weekly: The average price range currently is 80.56 points/ticks/pips. Prices are currently 1.62x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 1541.20 and 1652.05.
While in consolidation the trade range may decrease to 49.44 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 1567.93 to 1699.682 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 1593.53 to 1683.59 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 1741.15
If strength and attitude continue, it could take between 3 to 6 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, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
