Category Archives: Russell 2000 E-Mini Futures

What you can expect in our new forum

By | Russell 2000 E-Mini Futures, Russell 2000 Index, Traders Education | No Comments

UPDATE: 5/31/16

Our new Trading Group forum opens tomorrow, Wednesday, June 1st, and the 1st 3 days are free for you to watch, ask questions, get the feel of the room and chat software, etc.

Mike calls trade entries well in advance and also gives exit targets. Dave’s Fibonacci charts are always  up and live with support, resistance, targets, etc on several times frames. You’ll be seeing the /ES, /TF, /NQ, /YM, /CL, /GC, SI and AAPL.

Again, we start tomorrow, this is a team effort between Mike, Dave and anyone that truly wants to be consistently moving forward.

Dave’s website will remain here: http://www.thefibdoctor.com/ and Dave is still available for teaching.

The new combined website, Bottom Line Trades is here: http://bottomlinetrades.com/ and Mike will be available to teach his method also. Advanced members also get private Skype chat with Mike when being trained 🙂

C’mon in the room, watch what we do, and see how we hit those targets.

Thanks,

Dave & Mike

 

Update: 5/20/16

I’m adding more charts daily to our new stream. http://stocktwits.com/BottomLineTrades

If you haven’t signed up for the 3-day trial, there’s still time 🙂

Thx,

dave

 

This TF long trade was posted in progression on Stocktwits this morning. http://stocktwits.com/BottomLineTrades

Click chart to enlarge.

TF long +$1120

TF long +$1120

Thx,

dave

Russell 2000 E-Mini Futures: Volatility Creates Fib Swing Trade Setups $TF_F

By | Russell 2000 E-Mini Futures, Traders Education | No Comments

Below is a textbook example of a swing trade on the e-Mini Russell 2000 Futures (TF). And the recent volatility helped to create some big opportunities with my Fibonacci method.

Let’s go back to last Wednesday. The target/support price area was 1185.6. Price dropped 4 ticks under that level and then proceeded to reverse higher and move all the way up to the 2nd resistance of 1224.4; a move of +38.8 points on the Russell 2000 futures (or $3,880 per contract).

An entry on the short side at 1224.4 would have given you a few ticks of heat before moving back to the target of 1185.6 once again or another +38.8 point move. The entire move was worth $7,760.oo per contract. Although you likely wouldn’t have captured 100 percent of the move (depending on your discipline), you definitely would have made some money with this method.

This entire move took 7 trading sessions; this is where your patience and discipline gets tested. Trade safe and good luck out there.

Daily chart – e-Mini Russell 2000

Russell  2000- e-Mini

Russell 2000- e-Mini

 

Thanks for reading !

dave

This post originally appeared on See It Market

 

Russell 2000 Riding Its Bullish Channel Higher – RUT

By | Russell 2000 E-Mini Futures, Russell 2000 Index | No Comments

The markets bounced higher last week and small cap stocks were one of the beneficiaries. The Russell 2000 Index (RUT) had a big week and is back testing its highs. So it’s time to take a look at what my Fibonacci method is saying.

Since that time, the Russell, as well as the Dow, NASDAQ and the S&P 500 all reached resistance levels where they would either break out and continue to move up or pull back and do some back-filling. The latter occurred with each indice retreating 5.0 to 5.5%.  Use this article from January, 2015 for reference.

So where are we now concerning the Russell 2000 ? Let’s take a look a some charts and see. I’ll start with a 17 year, weekly overview to show that the Russell is still well within a strong uptrend channel. There’s still room both ways, but the channel is bullish, as is the current setup.

Russell 2000 (RUT) – 17 Year Weekly Chart

Russell 2000 Index, weekly chart

Russell 2000 Index, weekly chart


 

Now lets zoom in much tighter and see what Fibonacci is telling us. In the weekly chart below, you’ll see price moved up to a point that created a new weekly target of 1229.

This is also a great opportunity to see that in October, 2014 price pulled back precisely to the lower line of the up channel and then moved up an impressive +17.39%.

I’ve highlighted in yellow three previous highs that the Russell will need to clear in order to reach the target of 1229. A solid close above those levels is what you want to keep an eye on for now. If we see that, it will foretell of higher prices for small caps.

I still maintain a “13 handle” on the RUT in 2015.

Russell 2000 (RUT) 18 month, weekly chart

Russell 2000 weekly chart. Target = 1229

Russell 2000 weekly chart. Target = 1229

Thanks for reading and always use a stop loss order !

Dave

This article originally appeared on See It Market

Is the Russell 2000 topping out or more room to the upside ? $RUT $TF_F

By | Russell 2000 E-Mini Futures | No Comments

The Russell 2000 (RUT) has been consolidating for the past several weeks in a wide range. And since the other major US equity indices have been headed higher, you could also say that it has been under-performing. Needless to say, this has several investors concerned, as the Russell 2000 is made up of small cap stocks and often is indicative of investors risk tolerance.

Currently the Russell 2000 is sitting on an important Fibonacci support level, yet is still well within the longer-term uptrend channel.

A lot has been made of the Russell 2000 death cross, but the index isn’t dead quite yet. However, it is worthy to note that the RUT needs to see some buying here (or just below) to maintain the current Fibonacci levels.

Below is a 17 year, weekly view of the big picture for the Russell 2000.

Russell 2000 Weekly Chart

Russell 2000 17 year view

Russell 2000 17 year view

 

Now let’s take a closer look and get some hard numbers.

Keeping in mind these are weekly candles.

  • 1st support = 1111.28
  • 2nd support = 1087.14
  • Target = 1261.75

You can see in the chart below that the 1st and 2nd supports have been tested and held to this point. This is important. A weekly close below 1087 would technically weaken the Russell 2000. That’s the number to watch for now.

Russell 2000 Weekly Chart – Zoomed In 2013/2014

Russell 2000 support levels

Russell 2000 support levels

Thx,

Dave

This post originally appeared on See It Market.

 

Will the Russell 2000 reclaim 1200 ? 20 year, weekly chart $RUT

By | Russell 2000 E-Mini Futures, Traders Education | No Comments

In January of 2013 I took an interest in the strength of the Russel 2000 and did some pretty simple chart analysis. Basically the $RUT went from an uptrend channel to what I call a PUT, a Power Up Trend.  Now that price has fallen out of the PUT, but is still well within the uptrend channel, let’s dig deeper using Fibonacci analysis. Below is the annotated chart from 2013.

$RUT 20 year, weekly chart, annotated.

$RUT 20 year, weekly chart, annotated.

 

From March 2009 to May 2011, the RUT moved up 525.98 points or +153.5%. This created the first Fibonacci support level of 605.58 which was hit and held. The low that week was 601.71 or only 0.63% below first support. Keep in mind this is a 20 year, weekly chart !

From there, the RUT proceeded to it’s target of 992.7, a +64.97% move. In the chart below you can see the RUT continued on to hit my first longer term target of 1200.

$RUT target hit at 992.7

$RUT target hit at 992.7

 

Now, let’s drill down to get a better view of levels to watch. In the 2 charts below, I’m going to outline the shorter term levels as well as the longer term target.

The first chart tells us that we’re currently in a technical short term downtrend with a target of 1092.62.  Overhead resistance levels are 1138.43 and 1145.77. To reverse the downtrend, a weekly candle will need to push through and close above 1145.77.

In February and May of 2014, lows of 1082.72 and 1082.53 were made respectively. This will serve as strong support should we drop below the target of 1092.62.

$RUT 1 year, weekly. Short term target = 1092.62

$RUT 1 year, weekly. Short term target = 1092.62

 

In our final chart, I’ve derived a longer term target of 1261.82 with support levels of 1111.28 and 1087.14. Price has pulled back to and held those support levels on 19 different weeks, 2 of those weeks being after the 1213.5 high was made.

If price continues to move up, as we approach the 1213.55 high I’ll revisit this chart and break it down to shorter levels.

$RUT 1 year, weekly chart. Target = 1261.82

$RUT 1 year, weekly chart. Target = 1261.82

 

Thx,

Dave

This was originally posted on See It Market


August 27th, 2014

Follow up post.

The first support level of 1111.50 held and the Russell 2000 is making a steady march upward. The target of 1261.75 is still valid and in my opinion, very likely to be obtained.

Russell 2000 target 1261.75

Russell 2000 target 1261.75

Thx,

dave

Original post appeared on See It Market.

 

 

 

 

 

 

 

 

Why is the opening range important ? $TF_F

By | Russell 2000 E-Mini Futures, Traders Education | No Comments

$TF_F What's holding the TF down ? The open range low of 1113. http://stks.co/f0tkT

— David Busick (@TheFibDoctor) Aug. 4 at 01:36 PM

1132.1 target hit $TF_F

By | Russell 2000 E-Mini Futures | No Comments

$TF_F Daily chart. Target hit at 1132.1. http://stks.co/h0pfi

— David Busick (@TheFibDoctor) Jul. 17 at 03:19 PM

Changes to Morning Market News & Trading Group

By | Morning Market News, NASDAQ E-Mini Futures, Russell 2000 E-Mini Futures, S&P 500 E-Mini Futures | No Comments

 

You’ve probably noticed I’m no longer sending out the ES draws in the morning. The ES, at one time, was a great vehicle to trade but with the onslaught of HFT, super computer trading, etc it quickly became my least favorite instrument to follow.

I still sent out the ES info. in the mornings for well over 2 years but it’s come time to focus more on what I consider 2 of the most profitable instruments, the $TF_F and the $NQ_F. If you don’t trade these, I would advise you to give them a look.

I’ve also made changes to our group’s trading room that have helped us all become even more profitable. I’ll be doing a free day in the room soon to highlight those changes.
Thx,

Dave