Let's go over the plan for a possible trend reversal on the Micro Russell using our TrendCloud Trading strategy. Right now we are in a strong downtrend on the one hour chart with downward momentum. The 15 min trend has been terminated and the TrendCloud is telling us that we already have trend reversal because of the moving average crossover. However we have...
I Recorded this video originally for myself for a recap for my Journal but thought it had some good information on support and resistance and using different lenses to view the market. I go over my two losses I took on both the S&P 500 and Russell 2000 but I think they did help prove to me that your entry is extremely important and working on getting better entry...
This is the first trade that I am taking for the TrendCloud Trading Challenge. Going for 2:1 Target 4 hour and 1 hour chart are both in a downtrend as well as the 15 min chart 1 hour CCI is below -100 Took the TrendCloud Signal on the 15 min candle. 1 hour trend is just starting to become extended so keeping a tight stop on this.
Downtrend on the Daily, 1 hour and 15 minute charts. TrendCloud Scanner pulls up the Micro Russell TrendCloud Signal on the 15 min chart Take the trade short 2:1 target hit Scale out of the trade and let this winner run. We are shooting for 8% in the next 2 weeks of trading for this Prop Trading Firm Challenge. Sign up with TrendCloud and practice with us...
The Russell 2000 small-cap index having failed to maintain support at 1968, a short futures position might be worth adding to. We wouldn't start one here, though.
In this video, I provide my market analysis for the upcoming week (1/16-1/19) focusing on S&P 500, Nasdaq 100, and Russell 2000 Futures. Understanding the market environment is crucial for both day traders and swing traders. I discuss how to ascertain if this week will be a consolidation week or if there's potential for range expansion. If it's a consolidation...
Recently, the Russell 2000 achieved a breakout from a sideways trading range that has been in place since March 2022. Considering the macroeconomic environment and chart analysis, we believe that, despite today's retracement, there is no doubt that the index is on a direct path towards a new all-time high. The two marked trade ideas provide opportunities for...
The Russel 2000 has broken through a long standing Darvas Box resistance level (yellow horizontal line) on the Weekly chart. This has formed a rectangle base in the Russel 2000 with a 23% gain price target , calculated with a 1 to 1 upward move from the top of the Darvas Box resistance level to new highs on the Russel 2000. This is not investment advice.
Our View Markets have rallied to record highs thanks to growing optimism that the US will be able to tame inflation without triggering a recession; and that the Fed will cut interest rates in 1H 2024. In a soft landing, we expect investors to start looking for bargain-buying opportunities in overlooked corners of the market including small caps. From a...
IWM had a strong week. It is still in what I consider a Resistance Zone. So I'm currently looking for bearish positions and signs of weakness. Notice that IWM has generated strong moves before that turned out to be false moves. It will be interesting to see at which price levels we'll close the year.
Last week we saw the December E-mini Russell 2000 Index futures continues its bullish run with its third consecutive green candle closing into the Ichimoku cloud and above its 52-week moving average. With this move up, the MACD showed a bullish cross indication by crossing its signal line. RSI is trending up along with price. A continuation of this uptrend might...
CAPITALCOM:RTY AMEX:IWM looks primed for a breakout. it's been lagging the other indices and with rates going lower, a lot of growth names could see some headwinds here. Market likes to get ahead of itself. From a technical perspective, it broke the downtrend from prior ATH before but failed and now it's trying again. Could be a good move out of it
Looking for the Russell 2000 bulls to stay resilient at 1800 for a short term hourly move. Euro may support the move as DXY's fall through 105 is helping growth
Quick idea here as we look to get back in a groove with analysis/posts after a very light October. Not going to include a lot of elaboration, but we're looking to take advantage of a swing short (price depending) via a low timeframe (5-minute) RTY supply zone (defining candles not pictured here since sub-15-minute charts cannot be posted). If price approaches the...
Russell 2000 Futures (RTY) rally from 10.28.2023 low has ended in 3 waves at the 100% – 161.8% Fibonacci extension. This suggests that the rally is corrective in nature. Up from 10.28.2023 low, wave A ended at 1779.6. Pullback in wave B ended at 1687.40 with internal subdivision as a zigzag Elliott Wave structure. Down from wave A, wave ((a)) ended at 1727.10 and...
11.16.23 I thought I would take a look at the Russell futures because I think there is a reasonable probability trade to short the market with a small stop.... and yet this was a bullish market yesterday. I would have placed the stop very close to my trade entry. I believe the short trade is a higher probability trade but it is a lower reward trade Unless I...
11.6.23 Both the es and the Russell were good long trades.... but I would be looking for sellers despite the bullish price action of these markets. The es is more bullish than the Russell... but they're different markets in that one has been trending lower and has a 382 correction( the Russell), And the es is behaving with more strength... even though there are...
Have Conferences atleast 3 volume is key in my trading when it comes to a high place of interest like a trend line or a supply or demand zone or even a respected ema . Watch the trend of the day on more then two time frames lines . Watch for test and retest never enter on the first move . Stop loss always and set it and forget if your wrong your wrong control...