RTY - do you want it was much as NQ?
Daily time frame of RTY is holdings at resistance 1450.00 If market can close above 1450.00 off the daily time frame. There should be a +1,000 tick push at least.
Lets see where she goes. I like the look of this IH&S structure. Re-balanced just means it should go up..
RTY is holding at the one hour up trend line. The market broke the counter trend line bullish and hit a down short term fib... If its going to go up, it is in the right place to do so. If the market enters into the sell zone It will be a good idea to stay out of the market until it enters back into the buy zone.
Is ES finally ready to do a big timber?
RTY one hour time frame is in an up channel. The market is at the bottom of the channel. Waiting for a counter trend line break bullish for a potential +2,000 tick rally.
Much like the ES and NQ futures that I discussed tonight, the Russell futures may be rolling over as well. With this chart, there are two ways I see to interpret the "bear flag" formed from the March lows. As drawn now, more candles are captured by the lower channel, but to do that the flag has been violated three times, which is a little unorthodox. The other...
As long as support holds. I am expecting a +2,000 tick bullish push back towards resistance.
whether it's a B or a 2, we would retrace 50% to 61% of the first drop and we should bounce back somewhere between 1450-1475
From my last RUSSELL analysis I was mentioning the eventuality of an end of W5. This seems to happen now. I am now looking at this downward leg which could a simple ABC correction if A bounces back at the level of the previous 4 wave... Or if it slips lower confirming my theory of a bear market complex correction.
ES - Pick your team for rest of week
One hour time frame is hitting up trend line and starting to push bullish. There is an up fib extension on the daily time frame about +650 ticks away from current market. I am looking for buying trades towards the daily up fib extension.
Hello traders, Description of the analysis: Trade what you understand, trade carefully and sparingly according to the business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path...
I am definitely not an expert in Elliott Waves but for the first time I kind of see some patterns in the RUT futures. The uptrend seems like a ZZ 5-3-5 typical corrective wave. If this confirms, it would mean it is part of a bigger ZZ corrective wave. I'd like to have some feedback on this... Thanks in advance!!
Does RTY hold 1511 for higher Prices?
They say small caps are leading the way.... If that is in fact the the direction... I have your destinations ; ) ***Not financial Advice.*** Honestly. I have no idea what I am doing at all. Cheers, -Skylobster (Dont fight the Fed) ... for now.
$RTY_F: as absurd as it sounds from a fundamental point of view given that 40% of the companies in the index are unprofitable and it's carrying a 65x forward P/E, the technical picture is very clear: small caps are putting in a medium-term rounded bottom vs. $NQ_F.