On a low volume day like this VWAP and open range breakouts is what i i'd be looking for to execute a trade safely. Sitting on hands is always the safest too.
Failed to break and hold POC @1580.40 testing vwap @ 1578.90 if it can't hold VWAP then it will likely retest previous POC @ 1576.5 and if that doesn't hold then the daily open @ 1575.1 will be the next test on on its way to daily low @ 1572.9. lets wee what happens
RTY at the daily. The title speaks for itself. The Russel is bull flagging at this point. Although, another pullback is projected around August 17-19. In the bigger picture, that pullback is merely a consolidation for the RTY. Liquidity is still very high. What would be the unexpected move? A pullback to lure the bears. A bounce and break a new high to lure...
Rejected off of 1560.9 after major sell off and broke above POC 2 1562.9 looking to long. ENTRY: 1562.6 Exit: 1566.0 Stop: 1562.6
Just some simple support and resistance lines. it could go either way at this point.
Bear Flags are Ranges that are repeatable trading chart patterns. Bear Flags are a chart patterns that will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close...
Whelp, here we are. It looks like I was right. Since July 13th, this was RTY's time to shine. While the FOMOers and Robinhooders were chasing the tech hype in NQ, institutions resumed their distribution within the NQ. Institutions were selling tech shares and taking advantage of the tech hype. The settled cash was then used to invest in non-tech stocks that are...
The RTY at the 4 hour view. Tech shares are finally getting corrected by institutions. Thank God. The NQ was seriously overextended and bloated. While tech and biotech will be going ultimately sideways for the rest of the summer, this is a great moment for non-tech sectors to grow from the Distribution Cycle. RTY is filled with non-tech sectors. Investors are...
This is RTY at the 4 hour view. RTY is at a crossroads. It has a gap below that calling and pulling it down to fill it. At the same time, institutions are selling tech stocks and allocating that money to financials, transportation, and energy. My plan is to wait for RTY to fill the gap or pullback first. The next upside target for RTY is 1500+. I don't want to...
I'm waiting for RTY to fill that gap. With big tech earnings this week and next week, I figured that this may be an excuse for transportation and financials to pull back. It seems that RTY is bull flagging instead at the 4 hour. I asked the question: will the RTY fill the gap first then run for 1500+? Or will RTY run for 1500+ first then fill the gap later? It's...
To the penny VXX just today satisfied leg C of a legitimate AB=CD pattern. Target 29.84 GLTU!
This is the RTY at the 4 hour. Which will the RTY do first? Fill the gap below or breakout to reach 1500? The NQ has entered into a distribution phase. Tech stocks are going down and the money is heading to the non-tech stocks like financials and transportation. That's the RTY's bread of butter. RTY may be getting reach for another surge. The question is: will...
Investors and traders are leaving tech to go for better value stocks: financials and transportation. RTY rallied big time due to this shift in breadth. I am expecting a small pullback for RTY. However, from the looks of it, financials and transportation have entered into an uptrend channel. If you're going to short, short very, very carefully. It's probably...
The daily time frame on the RTY just broke through resistance. I am expecting a 1,000 bullish push towards the daily up fibonacci. Turning to the one hour time frame and looking for counter trend line breaks bullish in the buy zone will be a strong idea .
This is RTY at the 4 hour view. I just said screw it with the channels for now until RTY makes up its mind. For now, RTY is stuck in a volatility box. The dotted lines are tier I support/resistance. The dashed lines are tier II support/resistance. You can swing trade while the price goes back and forth. At URTY/SRTY, that's still a 3-7% profit per day. The...
RTY broke below its upward channel again. It looks like the downward channel is taking over. It seems the price action is coordinating with the downward channel's buy and sell zones. Banks' earnings are tomorrow. JP Morgan and Wells Fargo will set the tone for earnings season. If RTY is indeed in the downward channel, then look to short the bounces. If RTY...
Speculators are waiting for another shot from Fed the drug den