The RTY offered us a close below support but not with the 1%+ weekly confirmation we desire to consider a shorting opportunity at this time. While this market like the other major indices exhibit weakness, this does not meet my criteria to consider taking a trade at this time. However, continued settlements below support should yield 1825 in the coming weeks. I'll need to wait for this one to develop a bit further to for a technical setup. Ascending and descending channel structures have been marked up on the chart for your reference if you're trading this market. I hope you find them helpful! Wishing you a profitable week!
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.