M2K1! trade ideas
Trading Range on Nasdaq 100 FuturesWe are in Trading Range on the Russell 2000 Index Futures.
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Elliott Wave View: Russell (RTY) Extends LowerShort-term Elliott wave view in Russell (RTY) shows a lower low bearish sequence from November 8, 2021 high. Decline from November 8 high is unfolding as a zigzag Elliott Wave structure where wave ((A)) ended at 2136.8 and rally in wave ((B)) completed at 2279.83. The Index has extended lower and broken below wave ((A)) suggesting wave ((C)) lower has started. The internal subdivision of wave ((C)) is unfolding as a 5 waves impulse.
Down from wave ((B)), wave 1 ended at 2196 and rally in wave 2 ended at 2227.10. Index then resumes lower in wave 3 towards 2160.10 and wave 4 ended at 2165.9 as a triangle. Final leg lower wave 5 ended at 2130.10 and this completed wave (1). Correction in wave (2) ended at 2227.60. Index then resumes lower in wave (3) as another impulse in lower degree. Down from wave (2), wave 1 ended at 2102.30. Rally in wave 2 is in progress to correct cycle from December 16 high before the decline resumes. Near term, as far as pivot at 2279.83 high stays intact, expect rally to fail in the sequence of 3, 7, or 11 swing for further downside.
"most fear the unknown" iwm updatemost fear the unknown, and in turn they stay away from it,
i walk into the unknown with confidence, knowing there is always opportunity ahead.
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iwm\rty (small caps) look to be on the verge of finding a big local bottom in this local region here through an expanded flat.
the law of alternation states: "if wave 2 was a simple zig-zag, then wave 4 will have to be a complex correction".
that's precisely what we're seeing here, a little complex correction phase to really shake out the weak hands out of this wicked market.
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wave 4 target = $2067.70
wave 5 target = $2800
RTY1!12.17.21 Russell 2000 . I do NOT like Pro shares! (reasons); The price dynamics that made the Russell a tough market to short when it made a new low.
copper Russell gold 12.16.21 copper Russell gold ...........................................................
RTY - ahh... faked you out.... not higher.... lower comingRTY - "everyone" (including me) was faked out by the false breakout. Now it's back into the long term wedge (also appears to really have been a large ending diagonal or Wyckoff Distribution pattern). With the breakdown of Crypto over the weekend, RTY is heading to back test some prior levels. This will be healthy in the long run, but painful for those heavily long. Based on the 2 Anchored VWAPs placed on this chart, I see a MINIMUM pullback to the 1950 area on RTY. Further basic Elliott Wave analysis may suggest some slightly lower zones as possible. Regardless, the AVWAP zone shown here will be good for AT LEAST a hefty bounce.
$RTY / $IWM - favored countMy other count get invalidated today. Tried to catch a run up for what I thought was an abc move and that we were in A still - jokes on me because with the end of day flush it appears we were rallying for a 2 and never going to cross the prior (what looks like wave 1 now) peak.
This is my least favorite count vs qqq or spy and it is and has been the hardest to count. I like a dip buy with time because it is pretty beat up and today it started seeing some feb flow with million$ + sweeps, first good sign I have seen on this one in awhile.
Either way it really needs to catch support in this demand zone 2100-2130 area otherwise this is going to get very bad. It could see 200 quick.... Lets hope not.
Russell 2kKeeping a close eye on this consolidation. Potentially forming an inverted h&s at support with a bullish RSI divergence. Could still be bullish on a lower low if the RSI divergence holds up. No bias at this point
$RTY Russell 2k anchored VWAPMost important chart in the market today imo. VWAP anchored to yesterday's low bar provides the safety signal. Above it, buyable imo. Below, gtfo.
RTY1! Gold Oil12.1.21 RTY1! Gold Oil: On this video I compared three markets, one of them was contracted and the other two were volatile markets. You do not need to trade many markets to be profitable, but you need to avoid markets that are contracted and don't give you a sense of probability that is to your advantage. Contracted markets are more difficult to have a sense of probability unless they have a fairly well established range with enough distance between buyers and sellers, and that's what will allow you to have a better sense of probability because the vertical range is enough for you to make a decent profit. If you have too many markets that you need to focus on, this can be very counterproductive, and you can waste a lot of time in markets that are likely to deliver a decent risk reward. Most people don't really understand why they can trade profitably for a few weeks or a few trades, and that everything turns sour. They know it doesn't feel right, but they haven't conceptualized with the markets doing. It's a very well-known phenomenon that some traders can have very profitable periods of trading, and then a short time later lose almost all their games. It can be so disconcerting that they will go through cycles of changing their charts and their indicators, but they don't realize the broad difference between expanding markets and contracting markets. This can go on for years. Most traders who start trading, losing the markets, and stop trading. Bobby's Homework Assignment: study the last three or four videos and notice the difference between expanded markets and contracted markets. Make a note to yourself that even in parish markets, even prolonged bearish markets there will be periods of time where taking a long position will be very profitable. This is absolutely a fact. One reason this is important is that most traders are all or nothing, and they're either bullish or bearish, and there is no flexibility in their assessment and their ability to be flexible. Don't Be That Way!
RTY, Looking for Bullish U-TurnThe RTY daily time frame has created an up
channel. The market is near the bottom of the
channel and showing signs of a potential bullish
push towards the top of the channel price point
2487.5 about +2,699 ticks away. It will be a good
idea to turn to the one hour time frame and to
look for low prices in the buy zone.
RTY1!11.30.21 Russell 2000: Looking at market dynamics, opportunities for buyers and sellers. Time to start looking for buyers for a nice move higher.
RTY daily oversoldRTY oversold on the daily, but it still went down during the original COVID tank....
Indicators say buy here, but the other indices are not oversold yet. IWM chart shows the same.
Russell looking to pop 3000 - Final wave upRussell is getting ready for the final ascend to 3000. Wave 5 can start soon.. Perhaps topping in the 1st half of 2022
RTY1!11.27.21 Russell 2000: I like to use multiple time frames. Most of the time I end up using two time frames. I always look at the daily chart, but the second timeframe is usually the 240 minute chart or the weekly chart. It's a little more complicated to look at two charts, but I believe I can make more objective and more accurate decisions which makes it worthwhile. In this example you will see things in one timeframe that you cannot see in the other, no matter how hard you try. You have a choice to think of this as a conflict that is not worth the effort. I think if you work with us a little bit you will find the advantages outweigh the inconvenience. Different time frames, give you different information at times, but the differences can actually help you and in many cases find opportunity, or avoid loss. People try to use different programming tools, and they can create the same kind of conflicts, but if you think about it, looking at moving averages or CCI's or stochastics in many ways are subjective and often don't work. Pick your poison: I'll take two time frames, and I will give you one timeframe, a CCI, a crossing average and two more oscillators of your choice.
iwm updatepreviously i discussed the requirement for iwm to break-out of the range it was in \ consolidate above it & hold to see continued upside for that final fifth wave.
we've broke out finally, but is this a real breakout, or is it just another trap?
i'd like to see it consolidate up here for at least another week before making any kind of decision.
if it could pull this off, we'll see small caps go parabolic for a bit.
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20 year count 👇
Hustle in the RussellAnother straight forward idea, RTY came back into a very nice retracement area with the down sloping trend line and horizontal support from the September high. This is a great area to add for a bounce and a stop would be a daily close below today's low. The target is around the 2380 area, and if all goes well it should tag it before the end of the year.
Russel long move like last fridays DOW movetoday the russel 2000 index provided a nice entry spot at prior monthly swing high to go long
targeting the resistance zone above 2350...
RTY LonnngggRTY .618 tap on the fib retracement. I'm long here as a result. Good r/r after making ath.
