Russel 2000 Full Fib ExtensionEveryone wants a bull run including me but is this the sign its over ???
USSMALLCAP2000CFD trade ideas
US Russel 2000 | Range Idea | NYC-Session | 18-07-2024Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
- NYC Session | 18-07-2024
The labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an anvoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
# Backtest | Trade Mark - 15 Minutes Time Frame
- Bullish & Bearish Order Block * Valid
# Market Cap - 4H Time Frame
- Confluence Set Up | Session | Time Frame Entry * Valid
Trade Journal Specific - Main Focus of Attention
2500 Euros Target Area | Trail Stop * Valid
RUSSELL 2000s record breaking dayHi Guys,
The Russell 2000 has been somewhat of a laggard compared to the 3 other major indices this year. Yesterdays session close put paid to the laggard title. After yesterdays session close the Russell 2000 finished 4.4 standard deviations above its 50dma. No other major US indice (DOW 1900, S&P 500 1928, NASDAQ 1971) has ever closed at that much of an extreme.
The chart has 3 possible resistance zones should the Russell fight its way out of the first blue box. Attempting to find sell entries is not fighting the trend as the old analogy suggests we dont do but rather to get a lift down with a retrace and hop on the trend at a lower / discount point, The lower blue boxes are obvious support / demand zones should we retrace to there. The 50dma anchored vwaps and 200dma are confluence for long trades from those zones.
Safe trading all
RUssell 2000 looking bullish and Bearish??Hi Guys,
The chart that is posted with this article was the same one I posted a few months ago except it is now on weekly timeframe and I have added the two lines to show price movement since then that has created a rising wedge.
The bottom yellow zone did offer resistance and sell setups.
The index is now heading into what I believe may be another strong resistance zone where we may get opportunity for nice risk to reward sell setups. The wedge leads into the xone and also the 0.786 fib retracement from alltime high to bear market low. Price is currently very close to the 61.8 retracement so may or may see some resistance around this area.
The 27 December 21 weekly candle is where I think premium sell opportunity will be as its an untested weekly order block and the top of it right at the 0.786 retracement level. The 11 April 22 candle was also a weekly order block and that candle formed the resistance zone that ensured the Russel was stuck in a range for almost two years. I'm not sure we will get that sort of resistance here but I am confident that we will get a nice reaction once price enters this zone.
The black line running through the chart is the Anchored VWAP from its high and as can be seen is providing strong support.( I wrote a blue text box when I first did the chart regarding the AVWAP and didnt put another text box this time because the chart is starting to look messy as it is) . Firstly on 15 January together with the Anchored VWAP from the low (red line and the 50 dma( orange line) and then again on 15 April together with the 200dma (purple line). Moving forward the two anchored VWAPs will be good reference points for potential support along with the dmas and price support and demand zones.
Price is getting closer to the apex of the wedge it has created and it will be interesting to see what plays out in the coming weeks/months for the Russell 2000.
Safe trading all
RTY Russel 2000 expansion:bullish targetsTargets and thesis on chart
Expecting to see price action move towards the 2700-2900 region
Confluence with regular fib extension 2.618 non-log arithmetic chart
Trend based fib
EWT channel measured from wave 1 (2-4 transposed to 1)
Fractal
Expecting this move to align with the rest of the markets and peak around november 2024
a RTY Bullish Butterfly Pattern 🦋 Will Start at 1690the detail is shown in the above Chart.
I made this Idea based on Candlestick Analysis and Fibonacci Tool.
RTY buyers are burned in black rectangle ( 0.618 golden level )
Therefore
I expect that RTY Buyers are ready in level 1.27 and 1.618
a Bullish Butterfly Pattern 🦋 Will Start at 1690
.
Russell 2000 Breaks 52-Weeks Highs, Recovering from Bearish HugsSmall caps still look like good long-term play despite Russell 2000 backlog in the first half of 2024 vs Large Cap S&P500 Index (SPX) and tech-heavy Nasdaq Composite (IXIC) and Nasdaq-100 indices (SPX).
As of July 10, 2024 the Russell 2000 YTD return was about Zero compared to a 17.75% gain in the S&P 500 (SPX) and 23.50% gain in Nasdaq Composite Index (IXIC).
By the way, that valuation measures make the small cap Russell 2000 index much more compelling when compared to the S&P 500.
Thursday was a historically strange day in the stock market. That may be good news.
👉 The Russell 2000 rose more than 3%, while struggles for Big Tech stocks weighed on the S&P 500 and Nasdaq Composite.
At the same time, every stock in the so-called Magnificent Seven fell, including a more than 5% decline for Nvidia and a 2.3% drop for Apple, which dragged down both the S&P 500 and Nasdaq Composite.
👉 Thursday was just the 2nd day in history since 1979 when the Russell 2000 rose more than 3% while the S&P 500 declined.
The split trading came after the June report for the consumer price index early Thursday showed headline inflation declined last month and is now up about 3% over the past year.
👉 The Nasdaq Composite underperformed the Russell 2000 by more than 5 percentage points in what appears to be largest ever daily gap on record.
The only other time the gap came in above 5 percentage points was in November 2020 (where broad stock rally began), right after Pfizer shared positive results from a Covid-19 vaccine trial.
What is The Russell 2000 Index in US stock market universe?!
👉 The Russell 2000 Index measures the performance of the small-cap segment of the US equity universe. The Russell 2000 Index is a subset of the Russell 3000 Index.
👉 The Russell 2000 Index represents just as low as 7% of the total market capitalization, however it includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership (appr. two-third of The Russell 3000 Index components).
👉 The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.
Russell 2000 Index characteristics (as of June 30, 2024)
Price/Book: 2.10
Dividend Yield: 1.44
P/E Ex-Neg Earnings: 16.90
EPS Growth - 5 Years: 14.14
Number of Holdings Russell 2000: 1,921
Russell 2000 Index Technical aspects
In technical terms Russell 2000 Breaks 52-Weeks Highs, Recovering from Bearish Hugs
The US Small Cap Stocks Are Gearing Up for a Bull Run
After a sharp decline in March 2020, the index showed resilience and made a significant upward move, approaching the 3,250 level.
Following that, Russel 2000 went into a period of consolidation and traded within a narrow range.
A bullish Pole & Flag pattern was identified on the chart during this consolidation phase.
Despite breaking out of the pattern, the index faced strong resistance and subsequently declined.
After finding support around 1,650, the index consolidated around this level for an extended period.
With a recent breakout, Russel 2000 appears to be strong at the moment and preparing for the next upward movement.
Make or Break Time for the Russell?The Russell 2000 has gone nowhere since December, but some traders may think the small cap index is poised for a move.
The main pattern on today’s chart is the pair of converging lines along the lows since April and the highs since May. Will there be a breakout from this triangle?
Second, Bollinger Band Width has dropped to its narrowest reading since January 2020. That kind of tight price action may suggest that bulls and bears are at an impasse, waiting for a new trend to emerge.
Third is the price area between the August 2022 high and the peaks in February 2023 and July 2023. RUT bottomed below this zone in April and is now potentially trying to convert old resistance into new support.
Finally, the market has been heavily focused on large cap growth stocks thanks to AI. However, attention could shift to small caps if interest rates move lower. That could make the index worth watching with the consumer price index (CPI) tomorrow morning and the producer price index (PPI) on Friday.
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US2000 H4 | Sideways price actionUS2000 is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,056.20 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 2,075.00 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance.
Take profit is at 2,019.85 which is a pullback support.
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US2000 Bullish side Money Heist Plan SetupMy Dear Robbers / Traders,
This is our master plan to Heist US2000 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level MA act as a Dynamic Resistance & Order Block, So the Market is overbought/ Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan.
Stop Loss: Recent Swing Low using 4h timeframe
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
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Russel 2000 - Consolidation into Q3
Hey Guys,
For this Index the Consolidation period has been there since the big Engulfing Candle on the Yearly Chart happened in 22.
To become bullish again Russel has to move beyond 2280 (-1625 is the lower end with a mid-point of 1940)…
Until then I will take a neutral bias towards this Index. Most likely we will consolidate on the 3D Chart between the two white lines - Demand and Supply Lines from the Quarterly Chart. Keep in mind that the Blue Box is the High of 23 and the Red Box Constitutes the Middle Line of 22.
I am looking to go long from the lower part and short from the upper part of the Consolidation - until a break occurs.
Normally I would enter on the 4h or 2h Chart but I will break it down to the 1H Chart because I like to take entries from there (Risk - Reward wise).
Thanks for reading
RUT, morning updateMy bullish count for RUT has it in wave 3 of (3) of ((5)).
Wave ((4) bounced off .382 fib pull from March 2009 low and November 2021 high.
The median line of the pitchfork seems like a lofty goal/target. I honestly would be surprised if it gets tagged, and if it doesn't, that ultimately predicts the October 2023 low will be revisited eventually.
RUSSELL 2000 to bottom soon on the 1D MA200.Last time we looked into Russell 2000 (RUT) on May 09 (see chart below), we expected a technical pull-back, and even though it gave one more week of upside, the index eventually did start to correct:
As mentioned then, we see similarities with the January - March 2022 Bear Flag but mirrored (Bull Flag). That pattern made a Double Bottom on the 1980 Symmetrical Support. Since however it was the 1W MA50 (blue trend-line) that offered the most recent Support (April 15), we expect the Double Bottom to take place this time on it.
The 1955 symmetrical level would be a fair projection but overall even on the current prices, the index is a solid R/R buy opportunity. Our Target is intact at 2293 (Resistance 2).
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Russel 2000 Setting Up For A Possible Bearish Head And ShouldersIf the price breaks below the neckline with increased volume, it could confirm the head and shoulders pattern, leading to further declines.
The chart suggests a bearish outlook for the US Russell 2000 index. Traders should watch for a break below the neckline support with high volume to confirm the pattern. If large tech companies begin to correct, it could indirectly trigger a broader market decline, reinforcing the bearish head and shoulders setup.
US 2000 / RUSSELL 2000 Bearish Side Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist US 2000 / RUSSELL 2000 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
