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US Small Cap 2000 (RUT)

Real-time capital.com
Symbol
Exchange
Currency
US2000DerivedUSD
RUTNYSEUSD
Currency in USD
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2,050.05
-13.82(-0.67%)
Real-time Data

US Small Cap 2000 Discussions

Over 2080 by tomorrow and 2110 by Tuesday
Such a game
Ready for lift off 👍
WaveTech RUT daily changed its projection after session open today; it might change it again, but it's no longer 2 PPMs down and 1 up today. PPM-1 and -2 are strongly pointing in opposite directions (so volatility) and PPM-3 points slightly up, so the edge is higher today. On 3-hour (half-session) RUT, only PPM-2 points down this morning, and all 3 PPMs point up this afternoon (12:30-3:30), but tomorrow morning (9:30-12:30) points down for PPM-1 and -2, while -3 is kinda flat and less important. Taking this together, I'd exit shorts and buy longs this morning.
Does it still look good for Friday through next Tuesday?
Yes, RUT daily chart shows all three PPMs (PPM-1, -2, and -3) rising through and topping (for June) next Wed., June 12. It's not often that all three PPMs move in the same direction so clearly, so it's strong. Next Monday looks like the consolidation day, as it's 2 PPMs down and only 1 up, but the overall arrow (so to speak) is up through 6/12. After that, they all decline, with some sort of counter trend bounce or sideways consolidation around June 26.
So something is up. TNA is up 5.21% in AH which is not at all normal.
Yahoo glitch. Typical
Next support at 1950. Good risk:reward on short side still. Patience. Put on a small position and wait…
Apparently, your not reading TT’s comments. Not sure why anyone would short the most undervalued index.
you’re - just to correct my grammar 😊
BREAKING NEWS. A SEA OF RED TO PAINT WALL ST. ARMAGEDDON HAS ARRIVED.
To reinforce what I wrote here on May 24th with a similar chart of RUT to illustrate there's still some gap to fill, this downside consolidation probably concludes tomorrow, given daily RUT on WaveTech still shows only 1 of 3 PPM (price pressure momentum) metrics pointing up tomorrow (PPM-3), and only modestly. So if there's a gap higher in morning, don't trust it, but if it's mid to late afternoon, then maybe that's the low is done for this week and next. Daily still forecasts a rally from this Thursday (D-Day + 80 Years) through Wed., June 12, with SPX hanging on another day potentially, before more downside. Now, the weekly RUT chart's PPMs indicate a positive week of June 24th, but that might just indicate there's strong support that week, not necessarily higher prices, but I'll check daily charts ahead of that week in hopes of clarity, like if daily start to look more constructive then. Whether the whole second half of June is generally bearish, or just before and after then, July looks bearish across the major domestic stock market indexes. This rally that starts in second half of this week looked more promising in weeks before, but less so now, and that includes SPX and NDX. By June 14, I'm leaning bearish rest of month. So just remember D-Day (6/6) begins the bull, and by Flag Day (6/14) the Bear is back. I hope it's not the Russian bear.
Overdone so I’ll call this the bottom.
No way RUT should be breakeven this year regardless of what happens with interest rates.
Good thing TT told what to exoect today or I’d be completely surprised after last week’s PCE report. Hoping for RUT over 2,100 by next Tuesday, then I’m moving some back into YINN.
Based on what I wrote last Friday, it's clear the 3-hour was correct for anticipating gap higher open, but the daily chart rules. On Friday, WaveTech projected today would see some upside but more downside, and that explains the opening gap higher and selling that's followed. However, tomorrow all three PPMs point lower, and only PPM-3 points up on Wednesday (so expecting a bottom to form on Wed.). All three PPMs point up this Thursday and Friday, some consolidation, and overall higher into next Wednesday. WaveTech can change the projections based on additional data input, but that patterns been in place for weeks, so that's what's most likely.
I thought there would be a move higher into close today, so sold 1/3 at the open, but bought bavk too early. I get confused by the guidance with regards to magnitude of the projections. Slightly lower or higher to me means less than .5%
One of the drawbacks to WaveTech is that it's complicated by the fact that there are three momentum waves for every chart (a short term, medium term and longer term momentum), instead of one that can process (evaluate) the three waves to interpret the impact to price. So that leads me to interpreting. Monday didn't look like that bad a drop on Friday, and I guess a -0.6% close is in line with moderate decline, but obviously it was twice as bad earlier today and twice as positive near open. What matters is that we knew on Friday that today leaned bearish, but it would probably start out bullish. If anyone's long, they just need to hold onto their holding through Wednesday to get past this pain, and I would add to a position on Wednesday before a week-long relief rally begins.
thanks
More BS
While next Tuesday is clearly pointing lower, based both on WaveTech daily and 3-hour charts, this coming Monday 3-hour chart indicates a move higher into close, while daily leans lower (daily chart shows 2 PPMs slightly lower and 1 slightly higher). I think the 3-hour (intraday) may be more reliable based on what I saw today. There was clearly some profit taking on the morning gap open as money managers close out their monthly portfolio reports to show their clients.
No data matters. We’re all at the mercy of where the richest 1% take the market.
End of month on Friday BS. No doubt RUT should be higher. My bet is it rises on Monday regardless of the Wave Tech forecast, since it should be rising today.
To embellish what I wrote yesterday, below, RUT move higher continues tomorrow, per daily and 2-3 hour momentum (PPM) charts, then reverses lower on Monday into Tuesday, and Wednesday is the pivot back to a rally, but my way early guess is Wed. opens lower before reversing later that day. RUT daily momentum peak is projected for June 12, but Nasdaq 100, which begins to climb tomorrow, peaks somewhere between June 12-14, based on daily PPMs and 10-DMA projection. Weekly chart momentum projections appear to support this forecast.
That's weird; an idiot moderator removed my post. I'll repeat as best as I can remember. To embellish what I wrote yesterday, below, RUT move higher continues tomorrow, per daily and 2-3 hour momentum (PPM) charts, then reverses lower on Monday into Tuesday, and Wednesday is the pivot back to a rally, but my way early guess is Wed. opens lower before reversing later that day. RUT daily momentum peak is projected for June 12, but Nasdaq 100, which begins to climb tomorrow, peaks somewhere between June 12-14, based on daily PPMs and 10-DMA projection. Weekly chart momentum projections appear to support this forecast.
What a I wrote here yesterday morning still adheres overall, but I notice tomorrow's (Fri.) daily RUT is more positive than yesterday, where all 3 daily PPMs point up, bullish tomorrow. Also, while next Tuesday clearly points down for stock market overall including RUT, Monday is less clear. Daily leans bearish (with PPM-2 quite lower and the other two PPM metrics slightly in opposite directions), but the 3-hour (half day) chart's PPMs show strength (bullish) over a good portion if not entire Monday, especially earlier part of session. Now, most importantly, Nasdaq 100 (NDX, QQQ, TQQQ) looks like it has more upside potential than Russell 2000. It's not clear when to buy, but hourly PPMs, as of 9:50 AM, suggest around and after London close today and another move down mid afternoon. I don't trust hourly charts too much this early in the session but I will be buying QQQ or TQQQ calls today in anticipation of daily chart uptrend projection through June 12-14.
Long at 2034.75
So far, the forecast I wrote below last Friday after the weekly close has proved true, thanks to WaveTech (not me, I'm just a tool user). RUT daily chart for today shows PPM-1 and -2 pointing lower while PPM-3 higher, so we expected a red day today. Tomorrow PPM-2 and -3 point up, and PPM-1 modestly down, so I expect some recovery tomorrow. From there, Friday sideways to up, and a decline early next week climaxing on Tuesday or maybe Wed. morning, just as WaveTech daily momentum and 10-day MA chart projected all of last week, before another strong rally into June 12.
So far my prediction from December 2019 has held true. Get out of Small Caps of Russell 2000 with Biden in office.
Comments are being removed without explanation/notification. To embellish what I wrote yesterday, below, RUT move higher continues tomorrow, per daily and 2-3 hour momentum (PPM) charts, then reverses lower on Monday into Tuesday, and Wednesday is the pivot back to a rally, but my way early guess is Wed. opens lower before reversing later that day. RUT daily momentum peak is projected for June 12, but Nasdaq 100, which begins to climb tomorrow, peaks somewhere between June 12-14, based on daily PPMs and 10-DMA projection. Weekly chart momentum projections appear to support this forecast.
Fing criminal
What BS
That’s it. Keep buying NVDA until it pops. No way it stays up above 1,100 much longer.
Stopped out +10. No more trades today.
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