It could be I still had to wait for NQ/ES regain to become bullish. So, I am just not really using RTY in my analysis currently, just a personal thing. This action is actually turning out to be decent tonight though, not great but not terrible either.
So much bullish divergence on NQ right now, but it's just not playing out frustrating. In a long, don't want to miss it, but don't want to be up all night either. Got a decent up move, but no power move yet. If it's going to happen may not be until the Europe open. Hopefully goes soon.
This is what happens during earnings season. Shit, just wait until February, when they report Q4. Whoop!
Bro listen, my secret indicator says warren buffet is value buying stocks down here via dark pools at 2:00 am market time. Don't count out the trade yet, not sure if you heard of him but warren is a legend so we're riding with the big dawgs on this one. Apparently you skip all the youtube adds or you would have this indicator as well. That's a tough break for you.
That does it for me just took profits this is like the fourth time in this 509 -507 -505 area, just don't want to hold through another pullback. That 11539.75 is still a good target for long, if it isn't filled by US open going to look for that on any long setup and assuming market didn't crash of course.
Looks like another weak dip so far. Would suck if the permabulls got it wrong one more time, right? I'm bottom fishing down here (31,50) for a pop, but will use a tight leash. Maybe a re-entry around 25/20 if wrong. If not, we're probably looking at another intermediate swing lower. Say 3800. EDIT: Will scratch it at B/E. Not sure how greedy to get on a pop, but primarily looking for a move back up to 50. Maybe 60. EDIT 2: 3 points locked in. "Gambling" with the rest. Ran out of momentum in this gap area. Could see a pullback inside the range, but that was not what I had in mind.
Closed out here for a 17 point gain. Initial risk was 2.5 points, so had a good R/R on this one. I think we can see a pop above 50 as well, but don't have time to manage this now and it is a potential reversal point here.
My time frame may be longer than yours but RTY has had the better technical pattern as the market was bottoming and it was barely influenced by the "news." If we have put in an intermediate-term bottom, you're going to get these quick sell-offs where a lot of folks start thinking "here we go again" or "see, this was just a bear market rally" but then that decline will be short-lived. We'll see.