Time is running out for Russell 2000! $IWM

2020年7月24日

Russell 2000 still has a decent amount of momentum on the H1 and Day time frames, but it is decision time next week into the FOMC statement and press conference. It is time to decide if we obey election year seasonality (and get an emergency PUA extension next week likely) or fall into mid August.

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2020年7月24日

註釋

On average, DJI bottoms today in election years, and starts pumping into the FOMC and the first week of September.

2020年7月24日

註釋

Russell is back under the dotted descending trendline, not great. Only FED stimulus can save it before it ejects out of the ascending channel we have been traveling in since the bottom in March.

2020年7月30日

註釋

Do or die moment for russell today, back in the channel and another 200 DMA backtest.

Then next direction of the markets should be huge. We have the big tech names reporting today.

2020年8月6日

交易結束：目標達成

1550 was a major target. We hit the Month CAM R4 and 78.6% retracement level of the entire COVID correction. This seems like a significant milestone and place to take the profit.

2020年8月6日

註釋

This could be a huge bearish divergence compared to the June high that we barely broke through

2020年9月21日

註釋

Eventually russell will require a retest of the 200 DMA, inevitable.