Trend: Daily/Weekly/Monthly: Up/Up/Up
RUT is strongest of the 3 US indices. Expect rotation to continue and RUT to lead. I don’t and can’t call tops. But some signs point to pullbacks. 3 possible scenarios: 1) As long as 2363-77 resistance zone holds, look for shorts targeting 2259-91 support zone. This zone should hold for a next leg up, to 2435-51. 2) We have a fast rally from open to 2435-51 resistance zone, by Tuesday or Wednesday, where we see a sharp rejection for a strong move down to 2259-91. 3) We open in Globex and sell off start, targeting 2227 before a bounce to 2259-91 and further selling to 2147 IMO, scenario 1 is most likely.
RUT is strongest of the 3 US indices. Expect rotation to continue and RUT to lead. I don’t and can’t call tops. But some signs point to pullbacks. 3 possible scenarios: 1) As long as 2363-77 resistance zone holds, look for shorts targeting 2259-91 support zone. This zone should hold for a next leg up, to 2435-51. 2) We have a fast rally from open to 2435-51 resistance zone, by Tuesday or Wednesday, where we see a sharp rejection for a strong move down to 2259-91. 3) We open in Globex and sell off start, targeting 2227 before a bounce to 2259-91 and further selling to 2147 IMO, scenario 1 is most likely.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.