Discover and read the best of Twitter Threads about #rty

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$SPX has been trapped in a Noise Box for the past 14 days

As at other times patience pays: whichever side SPX breaks out of the box will be followed by a big move

A great trading opportunity

👁️👁️Volume has been higher on bullish days and SPX closed above 20DMA

#SPX #ES $SPY
We should look at the indices that have led the recent moves up and down: $DJI, $IWM, $DJT, #S5TH.

The #DJI has a more defined Noise Box. It broke out of it last Friday, and did so on higher volume, closing above 50DMA and 20DMA. Bullish, DJI should continue up on Monday
$SPX
$DJT has as $DJI a more defined Noise Box. It broke out of it yesterday in higher volume, closing above 20DMA, and like $SPX rigth at the 50DMA

The general look of this chart is bullish short term, so a continuation rally is on the menu for next week

#DJT #XTN #DJI #DowJones
Read 5 tweets
Today in the markets
$SPX
An unexpected rally pushed #SPX 50 points higher today on increased volume

We can say it was a successful retest or bounce from the 100DMA

It closed at 20DMA and is now in the "pinch". Tomorrow we'll know which side #SPX is going to come out on

#SPX Image
$DIA
Another rally on higher volume

Today closed above the 20DMA, somewhat bullish if it is able to hold that ground.

Big impulsive green candle, indicating further upside

$DJI #DIA #DIJ $DJIA #industrial $SPX #SPX
#DowJones Image
IWM rose on higher volume. It kissed the 100DMA today, which has offered resistance in recent days

It is still in the "extension" zone of its trend channel.
It needs to get back inside the main channel and break above the 100DMA

#IWM $RUT $RTY #RTY #RUT #options
#trading Image
Read 11 tweets
$IWM #smallcaps #RTY

You #memeStonks #stonks people, Be cautious of chop. The markets are at an inflection point this week.

*NO ONE* knows what direction they will go. Not even Portnoy.

Here is one chart I am watching.
This is the Russell 2000 Ishares ETF. Basically all the small caps that trade in the US (at least the ones included in the index).

That line on this chart shows you how at the beginning of the year, we broke above the YTD AVWAP for the index.
Come again?
YTD = Year to Date
AVWAP = Anchored Volume Weighted Average Price.

But then, last week we started testing it. And on Friday we closed below it. That meant that *on average* everyone who bought the index this year was under water.

NO BUENO!
Read 5 tweets

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