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Annual Russell Rebalance on Friday

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#11 robo

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Posted 19 June 2018 - 01:38 PM

 

Could it be a price rejection instead?  Sure, but we would have to see some distance from these all time highs...

 

So if it doesn't fall apart this week, mid-week... watch out for a month-end, 4th of July Fireworks show...

 

 

 

This thing isn't giving it up... Cycle guys I know have called for a low in this timeframe, up into early July...

 

RUT down 8 is not very thrilling for bears...

 

The Small trader call buying continues to hit extremes, and there is no sign of stopping for now. We still have a ways to go to hit extremes like the 2000 top, but anything is possible in this market. This has been a fun market to trade and watch...


Edited by robo, 19 June 2018 - 01:39 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#12 SemiBizz

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Posted 21 June 2018 - 08:36 AM

This annual event is marked by EXTREME VOLUME in the Russell Indices (RUT) as individual stocks are deleted and added from the indices and the underlying funds must buy or sell as needed.

 

Now RUT just made a NEW ALL TIME HIGH this morning, still extending.

 

If Friday comes and we make a NEW ALL TIME HIGH on that BLOWOUT VOLUME we expect - it will be a VERY BULLISH BUY SIGNAL for the market overall.

 

Could it be a price rejection instead?  Sure, but we would have to see some distance from these all time highs...

 

So if it doesn't fall apart this week, mid-week... watch out for a month-end, 4th of July Fireworks show...

 

 

 

So we have a targeted zone from 1708-1713 here for resistance.

 

We tagged the 1708 yesterday,  lower high 1708.02 again this morning..

 

 

 

If Friday comes and we make a NEW ALL TIME HIGH on that BLOWOUT VOLUME we expect - it will be a VERY BULLISH BUY SIGNAL for the market overall.

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Volume is the only vote that matters... the ultimate sentiment poll.

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#13 redfoliage2

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Posted 21 June 2018 - 01:18 PM

Sell today and buy tomorrow for the rebalance?



#14 SemiBizz

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Posted 21 June 2018 - 04:17 PM

Sell today and buy tomorrow for the rebalance?

 

Set up the risk/reward for the "operators" to go long into the Russell Rebalance...

 

Smells like a very ugly bear trap.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#15 SemiBizz

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Posted 22 June 2018 - 07:04 AM

 

Sell today and buy tomorrow for the rebalance?

 

Set up the risk/reward for the "operators" to go long into the Russell Rebalance...

 

Smells like a very ugly bear trap.

 

 

ES UP 15... any questions?

 

yes.gif


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#16 SemiBizz

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Posted 22 June 2018 - 01:44 PM

Well, RUT isn't holding up so far... under yesterday's low of 1685.59 here...

 

We'll see if it recovers.

 

If it closes under that's going to be ugly.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#17 SemiBizz

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Posted 22 June 2018 - 05:58 PM

And it closed exactly ONE PENNY UNDER the previous low...

 

Also.. Hysterical Closing Tick of +864...

 

More pullback is on the way...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics