I've got my eyes set on the E-mini Russell 2000 futures index (RTY) as the market is setting up for a potentially bullish U-turn.
I've got my eyes set on the E-mini Russell 2000 futures index (RTY) as the market is setting up for a potentially bullish U-turn. Based on my RTY daily timeframe, I can see that the RTY has formed an up channel. That means the overall direction for the market is up. Right now, the RTY is at the bottom of the channel. According to the data, the RTY could be preparing to U-turn back toward the top of the channel. If that happens, we'll look for a counter trendline break to indicate that the market is moving back into the buy zone. Once the U-turn hits, we can expect a +2,699 tick movement, giving us plenty of room to make a profit with the RTY! Want to learn more about how to get in on trades like this one? Be sure to follow along as I talk more about my trading strategy for the futures market! | |
Lucid stock has doubled in value in just two months Are we headed for another altcoin rally? Even the bulls are seeing signs of a coming pullback | |
"The function of economic forecasting is to make astrology look respectable." — Kenneth Galbraith While short-term economic forecasting can seem useful, all it really does is drive market panic. It's a good idea to keep an eye on all the important metrics, but trying to micromanage every aspect of the market just doesn't work. Looking at market history is a better indicator of what the market will do in the here-and-now. While we see some surprising things now and then, there's almost always precedent that can help us understand what the market is probably going to do. Keep Trading, | |
Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. | |
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