ES UpdateWasn't really planning on sharing the arrows, but decided not to delete them. General idea of what I think is gonna happen.
It may start popping up today though, MFI just touched oversold, market acting more bullish. Keep in mind this is a technical bounce, CPE number sucked, and my arrows show another tank on CPI, lol. Plus elections coming up.
Absolutely no reason to be bullish other than daily indicators being oversold. Purely a technical bounce, nothing more.
M2K1! trade ideas
Russel 2000 Weekly Volatility Forecast 26-30 September Russel 2000 Weekly Volatility Forecast 26-30 September
Currently our volatility for Russel is at 4.3%, increasing from 3.76% last week, located on 70th percentile, placing us in a high volatility environment
Based on the previous calculations, there is currently a 16.7% chance that the asset is going to break the channel(the weekly candle it will close above/below)
TOP 1746
BOT 1620
At the same time, based on the previous calculations:
- There is a 28% chance that the previous high from last week of 1830 is going to be touched
- There is a 70% chance that the previous low from last week 1660 is going to be touched
We can deduct that we have a much higher probability to have a continuation of bearish candle than bullish.
On average the weekly candle when the asset was located around this percentile are 2.9% for bull candles and 2.95% for the bear candles from the opening price.
From the fundamental point of view, news that can affect this asset price this week:
- Core Durable release, CB Consumer confidence and Powell Speech for Tuesday 27 Sep
- Powell Speech for Wednesday 28 Sep
- US GDP and Jobless Claims coming on Thursday 29 Sep
- Core PCE on Friday 29 Sep
Overall I believe for this week there is higher chance due to the overall global activity to have another bearish weekly candle.
RTY1!HELLO GUYS THIS MY IDEA 💡ABOUT RTY1! is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
RTY1! - Weekly Market Update, 9/26Russell futures finding support at indicated BLACK channel structure below and essentially settled this week double bottoming off of the June 2022 low place earlier this year. The overall market has likely oversold itself these past several weeks, some relief could be anticipated however it appears the bears might be here to stay for a while...
RTY - Reason Why I didn't short yesterdayFirst of all, I should've known EUro PMI was coming out, oops.
Anyways, I didn't short yesterday because RSI was touching oversold and this drop was already the same size as the previous drop. (Two red arrows) The fact that the drop is accelerating is bad news.
E-mini Russell BUY opportunityIt seems the Russell is following a pattern from the High made in Nov 2021
-2/14
-3/13
-4/12
-5/11
The interest thing is the percentage -5/11. It is the exact percentage had from the Jan 2020 top. Is it a simple coincidence?
IF the price get the area 1350 I WILL look for a BUY entry.
In Time point of view, it seems the 3x1 weekly angle is the best one to watch. The only problem: we should assist at one big price sell of during the next 1-2 weeks.
RTY1! - Weekly Market Update, 9/19All major market indices for this past week have exhibited weakness.
However, none of the futures markets offered a 1%+ settlement confirmation.
Could this be an aggressive retest of the ascending support structure? Possibly.
Could this be setting the stage for a double bottom or even the next leg down? Possibly.
While the bias remains short, the index settlement lack the confirmation I need.
Downside ahead?Hello dear Traders,
Here is my idea for #RTY1
Price closed below yellow line (previous month low)
Price closed below purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
RTY1! - Weekly Market Update, 9/12Russell futures reactive to its 50 day MA based on last weeks price action.
Price was also support by the GRAY channel structure below which contained selling.
As price oscillates between it's recent high (at its 200 day MA) and its recently placed low - I'm anticipating some lack of follow-through broadly.
RTY Daily in up channelThe RTY daily time frame is in an up channel. The
market is near the bottom of the channel. If
support holds. It is expected the market to push
bullish towards the top of the channel price point
2076.3 about +2,840 ticks above the market. It
will be a good idea to turn to the one hour time
frame and to look for low prices in the buy zone.
E-mini Russell 2000 Futures(RTY1!),H4 Potential for Bearish DropType : Bearish Drop
Resistance : 1846.4
Pivot: 1794.6
Support : 1681.1
Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 1794.6 where the pullback support and 61.8% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 1681.1 where the swing low support is.
Alternative scenario: Alternatively, price could rise to 1st resistance at 1846.4 where the pullback resistance, 23.6% fibonacci retracement and 61.8% fibonacci projection are.
Fundamentals: No Major News
RTY1! - Weekly Market Update, 9/5Major market indices have all settled BELOW their 50 day moving averages.
I believe the coming weeks are going to be telling for the broader market(s).
Either we regain some traction and take out the recent highs OR we break the recent lows and leg down even further.