RTY in a Box
This is RTY at the 4 hour view. I just said screw it with the channels for now until RTY makes up its mind.
For now, RTY is stuck in a volatility box. The dotted lines are tier I support/resistance. The dashed lines are tier II support/resistance.
You can swing trade while the price goes back and forth. At URTY/SRTY, that's still a 3-7% profit per day.
The fate of RTY really rests on the decision that XLF/FAS and XTN/IYT make. Financials and transportation make a bull market. Why? Because every business needs a bank account and ways to ship/receive products. Even tech needs its semiconductors and a bank for venture capital.
For now, RTY is stuck in a volatility box. The dotted lines are tier I support/resistance. The dashed lines are tier II support/resistance.
You can swing trade while the price goes back and forth. At URTY/SRTY, that's still a 3-7% profit per day.
The fate of RTY really rests on the decision that XLF/FAS and XTN/IYT make. Financials and transportation make a bull market. Why? Because every business needs a bank account and ways to ship/receive products. Even tech needs its semiconductors and a bank for venture capital.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.