Time is running out for Russell 2000! $IWM

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.

Please like this post 👍🏻 and give me a follow!

PM for more information on how to retrieve these dark pool blocks ⚫️ on demand and watch them stream in on all of your devices 📱 💻!

تعليق:

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

تعليق:

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.

تعليق:

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.

أغلقت الصفقة: تم الوصول للهدف:

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.

تعليق:

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

تعليق:

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