Resistances 1419.4 targets 1400.2 / 1387.6
resistances 1395.6/1394.3 targets : 1392.4 / 1387.5
Resistance 1411.30 / 1410.60 Targets 1409.30 / 1401.30
RUSSELL 2000 small caps Highs Lows data analysis ... ERRATA small bug in the lows indicator 0 - Indicator and not 1 - indicator
The big Sunday night gap saw the Russel blow past my target and actually top out at the 127% extension of 1560 rather than the previously posted (linked) 1540 level. Stock indeces are currently filling much of this major gap, in fact the Russel has already filled it while the S&P500 and DOW and especially the NASDAQ have seen more strength keeping their gaps...
Looking for Russel 2000 to rally into 1540+ zone before any interest in shorts. Midpoint highlighted at the 1501 level. 50% fib goes here.
Short set up found on a 45min chart for the RTY Futures contract. Level is 1589.40-1585.50. 39 tick risk. Target at 1568. RR 4.5:1
The small caps have been killed but I think we may be in for a nice bounce targeting the 1590 area for 30 point upside. Directional Bias: Long Price Target: 1590 on RTY Futures Good Entry: 1548-1555 Risk/Reward: Max risk of 10 points/30 point reward.
Trading Signal Long Position (EP) : 1685.2 Stop Loss (SL) : 1676.5 Take Profit (TP) : 1708.4, 1736.8 Description ZW formed Double Repo Failure Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (1685.2) and place stop after 0.618 level (1676.5). Once the position was hit, place take profit before an agreement (1708.4) and 1736.8 Money...
Trading Signal Short Position (EP) : 1676.5 Stop Loss (SL) : 1685.2 Take Profit (TP) : 1652.6, 1637.8 Description ZW formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (1676.5) and place stop after 0.618 level (1685.2). Once the position was hit, place take profit before an agreement (1652.6) and 1637.8 Money...