Messy Open but Russell Futures HoldingWhile S&P and Nasdaq futures have fallen after open, the Russell 2k futures are holding. It's a mess but based on action alone could be a long trade here.
RTY1! trade ideas
Russell Long Off Hourly SupportNice risk reward here long on hourly chart with morning star pattern on support and price extended from 20 ema.
deadline already confirmed, waterfall unevitablethis is always the same. Russell lead, followed by Nasdaq and Dow. When those EMAs cross in the weekly chart, the waterfall is unevitable
RTY1! Weekly Market Analysis - 3/7I've indicated area(s) of ascending and descending support and resistance for the week ahead.
Please note, areas are indicated on a daily chart for Monday, 3/7/22 and will adjust according throughout the week.
When price settles above an area of resistance, that resistance should then serve as support.
When price settles below an area of support, that support should then serve as resistance.
Feel free to share with others... Wishing you a blessed and profitable week ahead!
Anthony Speciale
RTY MFI OversoldRTY MFI went oversold and now bouncing up. Indication of a melt up when RSI doesn't go oversold.
Odd thing is about half my board is red even though small caps are up 1.5%. That's really unusual, but looks like the garbage stock dump is done for the day.
Gotta headache so heading back to sleep, good luck
RTY1! Weekly Market Analysis - 2/282030 hold the potential to contain selling, above which the descending 2120 channel top can contain buying.
Breaking below 2030 could signal a retest of last week's lows descending at the 1875 price level currently.
The Worst Case Scenario for The RTY Measures to the 1700 ZoneIf the RTY breaks the bear flag posted on right, it could go down by the previous move.Major support is 1700.
RTY1! Weekly Market Analysis for the week of 2/21/22Last week's price action, most importantly last weeks price settlement may be an indication of what's on the horizon.
Price continues to close below key resistance which leave the market susceptible to completing a full channel extension.
A retest of 1,892.40 is not out of the question in the near term unless something spins this market around aggressively.
The next macro area os support is at 1,800 which could be reached within several weeks time if this market sells off.
While the Russell 2000 has been grinding higher over the past several weeks, it has yet to settle above resistance.
2,025 holds the potential to contain weekly buying. It would take a settlement above for the market to grind higher.
Russell 2000: Retest Pennant??Major Pattern: Weekly Rectangle
9-10 Feb Bearish Engulfing possible retest (possible anticipatory sell, low risk)
Below 2000 will confirm Pennant
$RTY Gartley x Cypher $NQ, $ES, $VIX Shorts, Incredible RR We caught a beautiful short across all indexes and a 2x short on NQ I will include those set ups, all based off $VIX Bat pattern, that gave us a reason to find asymmetrical risk shorts in $RTY, $NQ, $ES
I think $RTY will test 618 and hopefully fill 786 level, Stop against low of X, aim to. I will post my entry if it comes
tp 1 @382/ stop even, take 1/2 + profit off
tp 2 @618
tp3 @ top of pattern
These plays were next level shorts, worth checking out.
$RTY
$NQ
$ES
$NQ Pullback
$VIX
Think the Market is going to puke - RTY Down Down DownStocks are not looking good, getting warning signs like March 2020, think it's about to rug pull.
A bit Higher and then Lower?There should be a bit of upside left but then price should face a strong resistance from the prior support level and also the down trend line from the top !! Let's see
1 to 1 correction complete on IWM, looking for a 5th wave and 3kSo many growth stocks look similar in that we see large flat 3 wave corrective action that appears complete to me. This could be the blow off beginning. Typical for 12 months from tightening to top. Maybe its faster this time we shall see.
RTY OverboughtRTY now overbought on RSI and MFI as I predicted earlier this week. Looks like a melt up though, and I hate trading melt ups, no idea when it will end. Tomorrow? next week? who knows...
RTY Still OverboughtMFI overbought but it's still moving up. Maybe RSI needs to go overbought?
Market is just doing some weird stuff this week
RTY - One 30 min cycle has beed driving that rally on TuesdayRTY - One 30 min cycle has been driving that rally on Tuesday
RUSSELL - LONGIf support holds we go up till the red box 1 then sideways to up till red box 2 then waterfall down.
It's been a tough yearHaven't posted much because nice setups are hard to come by. This year has been very volatile so far. I do think we will see more of that in the coming weeks. One thing I have been looking for is for market to form another higher low. /NQ tested the 20sma wasnt able to hold so for tech I am watching what happens there. We could see another test of the lows or this can form a higher low as well.
On the other side I think small caps (RTY,IWM) can be a great short. Been watching this setup develop and I dont care to guess which way it breaks. If it cracks the lower trendline I will short and use that trendline as my SL. Same goes for upper trendline, that breaks and I will go for calls.
The best strategy for right now is to not be biased on market direction. Be flexible and able to change with market sentiment. For the most part I have been scalping and will more than likely continue until we see some sort of a trend develop.
RTY1-IWM-Russell 2000The OVERALL INDICATOR As it moved last week the most to the downside out of all indices. I've highlighted the important zones to the upside (supply zone) and downside (demand zone). Overall I'm expecting a bit more downside (1 to 2% max) drop before earnings and Fed kicking back markets up for a week or two. Mid February . Once Markets go up to 100 ema, i will continue the LONG TERM view shorting. Expecting a 20% drop overall on all equities.
RTY MFI also overboughtMuch more apparent on this chart, MFI is def overbought short term.
Not chasing anything today
Russell 2000 Index - Canary in the Coal MineCurrently down nearly 20% from November 2021 ATH, $RTY1! has lost key support levels and is now below the entirety of ranges from 2021.
This futures index is signaling an increased potential for a broader market correction.
