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M2K1!

Russell 2000 (RTY, M2K) Low-Timeframe ShortQuick 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 zone hot (expanded range candle vs. grinding action), look to take the trade outright upon penetration of the lower bound (1795.4). If RTY stair-steps higher, forming new pockets of demand between current price and supply, consider taking a confirmation entry (price exit from zone). Stop should be placed a bit above the zone's upper bound. Keep in mind round # psych @ 1800. Targets are 2:1 and 5:1 (look for a fall back to origin of CPI breakout). Finally, US stocks have been very bullish as of late, so shorts fly in the face of current momentum. That said, RTY has consistently been the weakest of the 4 US equity indexes, so if you're going to short one, it's probably your best bet. Have to run, but good luck! Stay tuned b/c a LOT more ideas are coming soon! Jon @ LionHart Trading
CME_MINI:RTY1!Short
by JHartCharts
Russell 2000 Futures Headed To 2668?Exactly one year ago this month the Russell 2000 broke out to new highs and many were calling it the November to Remember as the RTY had an all-time record 18.4% monthly total return This November the Russell 2000 is also breaking out to new highs and on my strategy the look is exactly the same as last year. Will this be another November to remember? I think so, but I don't think it will be an 18.4% rally like last year. I do think that the RTY could rally 10% and look to test 2668 before the end of the year. I use Bollinger Bands with 20 period, 3 standard deviation settings along with a simple 10 period simple moving average on a weekly, daily and 60 min charts as my strategy for this long swing trade.
CME_MINI:RTY1!Long
by anthonycrudele
5 Ways to know where it is going...1) 61.8 Fib retracement level around 170 2) Resistance (which will become support around 170 3) Early November gap to be filled around 170 4) Unsustainable exhaustion pop (78 degree angle since early November) 5) Overbought, above the megaphone line Disclaimer: The above is not an investment advice. It is merely an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade safely and stay safe!
AMEX:IWMShort
by adventurous51
Could this indicator predict corrections 100% of the time?!The cyan line is a weighted average of different asset classes, other than stocks, that I came up with. It is just a mathematical exercise but I thought it is showing some VERY interesting correlation... ... Just a thought! Disclaimer: The above is not an investment advice. It is merely an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade safely and stay safe!
AMEX:SPYShort
by adventurous51
15
Could the real Black Friday be December 11th?The stock market indices are at all time high, climbing the wall of worried of the megaphone resistance. Meanwhile: - There is 20 million Americans unemployed - Covid-19 is at all time high - Stimulus is ending at the end of the month and there are no visibility as to whet and when the next wave of stimulus will be. Yes, there is a vaccine coming but vaccination will take time... With Thanksgiving Travel and gatherings and the return of the cold weather in some regions, the spread of the virus could be out of control. Then, to make things worse, Christmas and New Year is also just around the corner with more gathering in sight. Considering symptoms appear between 2 to 14 days after being infected, that would mean that between December 3rd and December 10th, a Covid-19 spike could erupt in many US regions. So, without putting to much credibility on the exact date, I believe things will get worse before they get better. We could see SPY fall from its megaphone soon! Disclaimer: The above is not an investment advice. It is merely an idea and an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade safely and stay safe!
AMEX:SPYShort
by adventurous51
1