RUT is around its key resistance, still below 1180
RTY one hour time frame is on the up trend line, if support holds I am expecting the market to push up +1,200 ticks bullish towards resistance. If support fails, I am expecting a +700 tick bearish push towards support. I am expecting the breakout to take place at the 9:30 AM ET U.S. Open
RTY daily time frame may have found the daily support. Something to keep your eye on.
After a large bearish push, RTY Daily holding at support. Will it push back towards resistance?
This is triple leveraged inverse Russell 2000 ETF. It is flawed due to negative compounding in downtrends.
The RTY Daily time frame is in a nice bullish channel. Market hit the bottom of support and is now showing signs of pushing towards resistance.
Technically IWM is at a critical juncture. It pivoted, flagged for a few days and tried to continue. It did show relative strength yesterday but on the daily it did not close back above the trendline from the ascending wedge it broke out of a week or two ago. On the daily for RTY it bounced off a separate top of trend line and also closed inside the ascending...
Break was on higher than average daily volume. If retest is successful and we don't fall back into the channel resistance should turn into support. Monday will tell. Flat for the weekend. Next target $169.
RTY is the only Equity market that currently has supply zones. Its just reached a HTF Supply on the Daily chart. This means we could start to see pull backs in ALL Equity markets, as the Russell tends to lead the pack. This also correlates with the VIX being at demand which is an inverse market. See my VIX analysis on my profile. I'll be watching NQ and ES very...
Some levels and targets applied to the current Russell posture using the Bulkowski theory (modified). For general orientation only.
With new all time highs for everyone else, The Russell feels left out. If this beast gets too emotional, and wants to join in, I believe this is how it would look : ) - This is not financial advice. For Artistic purposes only.
The Russell index is a SME-oriented index that mostly addresses the American domestic market. This index should generally show parallel movements with the Dow Transportation index. In this respect, we received a good confirmation. Determine the position size in small amounts. For this analysis: STOPLOSS : 1542.5 GOAL : 1743.5 RISK REWARD RATIO : 1/3
The RTY Daily time frame is at resistance. I'm looking for short trades off the one hour time frame. Waiting for the market to enter into the sell zone off the one hour time frame. Market has entered into a small sideways range on the tops of resistance. Waiting for the market to break out of the range. Ideally the market breaks bearish towards support.
Small caps bouncing from an oversold condition, indicators are nuetral, but based on pattern, one would have to assume more pumptardedness next week. One thing though the last few times it;s been at this price level, it just whipsawed sideways for a while, that can happen here too if it falls out of the channel.
With the small caps at long-term range highs and implied volatility at the low end of its 52-week range (rank/implied 10/15.8), it's potentially debit spread time. Pictured here is an /RTY 1610/1620 long put vertical with risk one to make one metrics ($250 max profit/$250 max loss) with a 1615 break even. Unfortunately, markets are wide in RTY, so some price...