US2000 trade ideas
RUT update for week ending 20 March 2020Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 942.62 - 1013.89
No Conolidation Exists at this time
If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 863 - 892
Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral
The prices have moved 7.28 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 938.21 - 1013.89
Price Consolidation has formed between: 966.22 - 1209.45
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 6657 - 6674
The prices have moved 3.786 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
STD DEV for March 23 - 27: 868 - 1159
STD DEV for Monday March 23: 798 - 1228
Going out on a limb here and going to call immediate bottom of 965 - 977.
It won't be all that stable as America is now facing the virus and it is the numbers of infected/dead that come from here that can force the markets further down.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
THE ONLY CHART THAT MATTERS!Today I made a video called 'BITCOIN vs STOCK MARKET BUBBLE 2020' (link in signature) -
Inside a month we have nearly liquidated more assets than what was lost during the entire .Com bubble!
There is a chance to catch within a few months around 16-17k - however - the market won't fully be recovered and healthy again until we do a full reset all the way down around 12,000.
If that indeed happens then by the time its all said and done Wall Street would have lost more money than the .Com Bubble and Great Recession combined!
But hey at least the charts show that 2029-2031 should be booming again!
Peace & Love -
BK
US2000USDHello Traders
Here is my view on US2000USD .
1.Price test 2016 low after 3 years. It may find support at this key level, if price held i will be monitoring price action on W1-h4.
2. Market is completing an M pattern, usually when market complete with an impulsive move, we can expect a correction to the
neckline.
US2000USD Top-Down AnalysisHello Traders
Here is my view on US2000USD .
1.Price test 2016 low after 3 years. It may find support at this key level, if price held i will be monitoring price action on W1-h4.
2. Market is completing an M pattern, usually when market complete with the impulsive move, we can expect a correction to the
neckline.
RUT Monthly UpdateMonthly Data Summary Suggests:
Current Monthly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest closing longs and protecting profit.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1391.87 - 1538.42
Price Consolidation has formed between: 1703.81 - 1266.93
If RUT is capable of maintaining the current strength as of today, the projection generated from the monthly chart is a target price of 1374.48
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current monthly reading of: Neutral Bull
The RSI that monitors bearish strength has a current monthly reading of: Neutral Bull
The strength demonstrated over the last 5 months is currently: Bearish
Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Currently the indicators are mixed and the market has reached a stalemate between bulls and bears.
The anticipated upcoming trade range is between 1445.22 - 1499.31
No Conolidation Exists at this time
If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 1321.49
Out of the combined (weekly & daily) indicators monitored, 75.00% are bearish, 25.00% are bullish and 0.00% are neutral
The prices have moved 3.19 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Neutral Bear
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1449.34 - 1476.43
No Conolidation Exists at this time
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1339.63
The prices have moved 5.63 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
STD DEV:
Monthly: 1396.22 - 1556.64
Weekly: 1422.57 - 1530.29
Daily: 1419 - 1533
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT Update 18 March 2020Quick Update
With Trend Price Target: 840.85
Counter Trend Price Target: 904.35
STD DEV: 784 - 1197
Why a counter trend price target? What does that mean?
28 Feb, 2 Mar, 4 Mar, 6 Mar, 10 Mar, 13 Mar, 17 Mar, 18 Mar the major indexes closed the day in the upper half of their bar/candle. This is a counter trend signal.
Generally, the price action will move to respond to this counter trend movement as a continuation from the day before. Then resume the direction of the trend.
Or if the trend is over, it will created an area of consolidation and trade there until it gains enough strength back to either continue the move with the original trend. Break the trend and reverse direction.
What does this mean for us today? Now?
We are in a black swan event as it is being called. A once in 100 years pandemic.
Self-Quarantine populations and work-force. Borders, non-essential stores, restaurants, and pubs are closed.
This generates interruptions to sales/product creation/supply lines.
However, the market has been pumping its breaks in free fall. It is doing that Tom Cruise panic grab at the side of the cliff and hanging by fingers. The dates listed above are days the indexes have been pumping the breaks.
We just might find uneasy footing on a small ledge soon.
RUT update for 16 March 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 957.21 - 1037.41
Prices have broken through the consolidation low
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 929.30
The prices have moved 6.345 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Volatility has broadened the STD DEV values. The daily ATR is now averaging 61 points a day during the last 21 days.
STD DEV for March 17: 860 - 1214
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for week ending 13 March 2020Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1168.76 - 1240.48
Prices have broken through the consolidation low
If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 944.18
Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral
The prices have moved 6.0 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1139.85 - 1210.14
Price Consolidation has formed between: 1109.39 - 1253.87
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1248.62
The prices have moved 4.56 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Volatility has caused the STD DEV calculation to widen quite a bit.
STD DEV for week of 16 - 20 March: 1115 - 1305
STD DEV for Monday March 16: 1047 - 1373
Anticipating a rise to the daily price target prior to a continued decline toward the weekly price target.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 12 March 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1058.53 - 1122.93
No Conolidation Exists at this time
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 881.93
The prices have moved 7.37 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT update for 11 March 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1206.16 - 1264.30
Prices have broken through the consolidation low
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1162.097 - 1201.14
The prices have moved 5.63 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
STD DEV for 12 March 2020: 1137.27 - 1391.32
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
RUT Update for 10 March 2020Price Projection generated by the end of week March 6 2020: 1312.43
End of day price projection generated by Monday March 9 2020: 1231.95 - 1260.60
STD DEV for week of March 13 based upon week ending March 6 2020: 1393.01 - 1505.43
STD DEV for Tuesday March 10: 1212.64 - 1414.24
RUT update for 05 March 2020Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1445.36 - 1478.82
Price Consolidation has formed between: 1448.21 - 1539.44
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1441.78 - 1436.15
The prices have moved 3.27 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Friday 06 March 2020 STD DEV: 1398.61 - 1559.04
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Diary | 3/2/2020 | RUT SpreadJustification:
Directional Play: Yes, establishing long delta position to reduce short delta and margin.
Technical: Below October low.
If/Then:
Take profit? 50% of credit received.
Where will you hedge? $1410
Strategy Details:
Short and Long leg: $1410, $1395
Short Leg Delta: 0.16
Expiration: March 6
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Russell 2000 - short for now but longer term bullishAccording to EW if the 2nd wave correction is shallow then there is a greater chance that the 4th wave correction is deeper. Still, is my 4th wave shaping up to be a simple flat correction or is this correction going to morph into something much longer and deeper? No way of knowing yet unfortunately.....
Turning A Loser Into A Winner | 3/1/2020 | RUT SpreadWhat a sell-off! Here is a quick summary of how I was able to turn a sizeable loser into a winner.
Trade 1: Opening Credit Put Spread $1.10CR To Establish Dynamically Long Position
Short Leg: 2020-02-20 Sold 1 RUT 03/06/20 Put 1595.00 @ 3.75
Long Leg: 2020-02-20 Bought 1 RUT 03/06/20 Put 1575.00 @ 2.65
Trade 2: Opening Credit Call Spread $2.20CR To Reduce Directional Risk
2020-02-24 Bought 1 RUT 03/06/20 Call 1710.00 @ 1.34
2020-02-24 Sold 1 RUT 03/06/20 Call 1690.00 @ 3.54
Trade 3: Closing Trade 2 $1.25DB
2020-02-25 Sold 1 RUT 03/06/20 Call 1710.00 @ 0.60
2020-02-25 Bought 1 RUT 03/06/20 Call 1690.00 @ 1.85
Trade 4: Opening Credit Call Spread $2.45CR Lowering Call Side To Further Reduce Directional Risk
2020-02-25 Bought 1 RUT 03/06/20 Call 1695.00 @ 1.50
2020-02-25 Sold 1 RUT 03/06/20 Call 1675.00 @ 3.95
Trade 5: Closing Trade 4 $1.90DB
2020-02-25 Sold 1 RUT 03/06/20 Call 1695.00 @ 1.15
2020-02-25 Bought 1 RUT 03/06/20 Call 1675.00 @ 3.05
Trade 6: Opening Credit Call Spread $2.67CR Lowering Call Side To Further Reduce Directional Risk
2020-02-25 Bought 1 RUT 03/06/20 Call 1685.00 @ 1.90
2020-02-25 Sold 1 RUT 03/06/20 Call 1665.00 @ 4.57
Trade 7: Closing Trade 6 $1.97DB
2020-02-25 Sold 1 RUT 03/06/20 Call 1685.00 @ 1.12
2020-02-25 Bought 1 RUT 03/06/20 Call 1665.00 @ 3.09
Trade 8: Opening Credit Call Spread $2.65CR Lowering Call Side To Reduce Directional Risk
2020-02-25 Bought 1 RUT 03/06/20 Call 1665.00 @ 3.08
2020-02-25 Sold 1 RUT 03/06/20 Call 1650.00 @ 5.73
Trade 9: Closing Trade 8 $1.60DB
2020-02-26 Sold 1 RUT 03/06/20 Call 1665.00 @ 1.69
2020-02-26 Bought 1 RUT 03/06/20 Call 1650.00 @ 3.29
Trade 10: Rolling Trade 1 To The Call Side $0.01CR To Eliminate All Risk To The Downside
2020-02-26 Bought 1 RUT 03/06/20 Put 1595.00 @ 45.22
2020-02-26 Bought 1 RUT 03/06/20 Call 1595.00 @ 19.04
2020-02-26 Sold 1 RUT 03/06/20 Put 1575.00 @ 35.19
2020-02-26 Sold 1 RUT 03/06/20 Call 1575.00 @ 29.08
Trade 11: Opening Credit Call Spread $2.00CR To Capitalize On The Movement Downward (i.e., take in extra premium)
2020-02-27 Sold 1 RUT 03/06/20 Call 1580.00 @ 8.84
2020-02-27 Bought 1 RUT 03/06/20 Call 1590.00 @ 6.84
Trade 12: Opening Credit Call Spread $0.77CR To Capitalize On The Movement Downward (i.e., take in extra premium)
2020-02-28 Sold 1 RUT 02/28/20 Call 1500.00 @ 1.29
2020-02-28 Bought 1 RUT 02/28/20 Call 1510.00 @ 0.52
Trade 13: Closed Trade 12 $0.50DB
2020-02-28 Sold 1 RUT 02/28/20 Call 1510.00 @ 0.45
2020-02-28 Bought 1 RUT 02/28/20 Call 1500.00 @ 0.95
Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
IWM
RUT
