Londinia Opportunities Analyses - 11/14/2024 (GMT) RUSSELL 2000 - MINI RUSSELL 2000 FULL0325 - 1H

- USD (-)

- 10 min delayed data - CME E-mini Futures

Type:	Futures
Ticker:	RTYXXXX
ISIN:	RTYXXXX

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 2,386.85 USD

My targets

2,304.95 USD (-2.29%)

2,280.11 USD (-3.34%)

My analysis

The bearish trend is currently very strong for RUSSELL 2000 - MINI RUSSELL 2000 FULL1224. As long as the price remains below the resistance at 2,386.85 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,304.95 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,280.11 USD as an objective. Crossing it would then enable sellers to target 2,247.80 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.9

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Additional analysis

Quotes

The RUSSELL 2000 - MINI RUSSELL 2000 FULL1224 rating is 2,358.90 USD. On the day, this instrument lost -1.00% and was traded between 2,358.40 USD and 2,401.20 USD over the period. The price is currently at +0.02% from its lowest and -1.76% from its highest.

2,358.40

2,401.20

2,358.90

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of RUSSELL 2000 - MINI RUSSELL 2000 FULL1224 in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,247.80	2,280.11	2,304.95	2,358.90	2,359.60	2,386.85	2,424.30
Change (%)	-4.71%	-3.34%	-2.29%	-	+0.03%	+1.18%	+2.77%
Change	-111.10	-78.79	-53.95	-	+0.70	+27.95	+65.40
Level	Intermediate	Intermediate	Major	-	Minor	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,306.00	2,342.50	2,362.60	2,399.10	2,419.20	2,455.70	2,475.80
Camarilla	2,367.14	2,372.32	2,377.51	2,382.70	2,387.89	2,393.08	2,398.27
Woodie	2,297.80	2,338.40	2,354.40	2,395.00	2,411.00	2,451.60	2,467.60
Fibonacci	2,342.50	2,364.12	2,377.48	2,399.10	2,420.72	2,434.08	2,455.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,047.77	2,125.53	2,268.97	2,346.73	2,490.17	2,567.93	2,711.37
Camarilla	2,351.57	2,371.85	2,392.12	2,412.40	2,432.68	2,452.95	2,473.23
Woodie	2,080.60	2,141.95	2,301.80	2,363.15	2,523.00	2,584.35	2,744.20
Fibonacci	2,125.53	2,210.03	2,262.24	2,346.73	2,431.23	2,483.44	2,567.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,034.37	2,107.93	2,164.27	2,237.83	2,294.17	2,367.73	2,424.07
Camarilla	2,184.88	2,196.79	2,208.69	2,220.60	2,232.51	2,244.42	2,256.32
Woodie	2,025.75	2,103.63	2,155.65	2,233.53	2,285.55	2,363.43	2,415.45
Fibonacci	2,107.93	2,157.56	2,188.21	2,237.83	2,287.46	2,318.11	2,367.73

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	31.72
MACD (12,26,9):	-7.3900
Directional Movement:	-16.73
AROON (14):	-35.72
DEMA (21):	2,373.88
Parabolic SAR (0,02-0,02-0,2):	2,397.09
Elder Ray (13):	-14.76
Super Trend (3,10):	2,393.64
Zig ZAG (10):	2,362.70
VORTEX (21):	0.8500
Stochastique (14,3,5):	7.98
TEMA (21):	2,372.08
Williams %R (14):	-97.47
Chande Momentum Oscillator (20):	-15.10
Repulse (5,40,3):	-0.7900
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	0.39

MA7:	2,401.93
MA20:	2,298.75
MA50:	2,251.17
MA100:	2,214.74
MAexp7:	2,374.40
MAexp20:	2,383.60
MAexp50:	2,395.38
MAexp100:	2,395.85
Price / MA7:	-1.79%
Price / MA20:	+2.62%
Price / MA50:	+4.79%
Price / MA100:	+6.51%
Price / MAexp7:	-0.65%
Price / MAexp20:	-1.04%
Price / MAexp50:	-1.52%
Price / MAexp100:	-1.54%

Quotes : - 10 min delayed data - Futures CME E-mini