Downloading...
Download

Russelltrading

RUSSELL: Short term consolidation before ATH test.Russell is technically neutral on its 1D outlook (RSI = 55.323, MACD = 20.400, ADX = 20.042) as for the whole month of May it is trading sideways inside the 1D MA50 and 1D MA200. April's bottom and the subsequent RSI DB rebound, is very much like the October 27th 2023 bottom. The rebound that was followed, also had the index consolidate between the 1D MA50 and 1D MA200 and soon after it resumed the uptrend to cross above the R1 level (prior High) before pulling back to the 1D MA50 again. Based on that we remain bullish on Russell, aiming for the R1 (TP = 2,470). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX:US2000Long
by InvestingScope
RUSSELL Rally doesn't seem to seek correction any time soon.Russell 2000 is overbought on its 1D technical outlook (RSI = 73.532, MACD = 34.900, ADX = 27.532) as the monthly candle is already as high as any in the last 12 months, despite being only on the 1st week. This bullish trend can keep going as this is the bullish wave of the long term Channel Up that started in March 2009 (housing bubble). We are already past a 1M MACD Bullish Cross and all 4 major bullish waves before had such a Cross to show. The minimum rise they gave was +81.48% and this is our target (TP = 3,000) until the end of 2025. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:RUTLong
by InvestingScope
RUSSELL 2000: Can drop more before an end-of-year rebound.Russell 2000 broke again today under the 1D MA200 after failing to close over the 1D MA50 on September 1st. Despite numerous breaks under the 1D MA200, all candles managed to close over it. If today's close under it (first time since June 5th) along with the bearish 1D technicals (RSI = 35.725, MACD = -19.100, ADX = 32.380), we expect the price to drop more inside the HL Zone. Then it will become a buy opportunity again and we estimate an end of the year rally towards the R1 Zone again (TP = 2,015). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CME_MINI:RTY1!
by InvestingScope
3