Hello, Daily Direction readers!
Markets are open, and we’re ready to follow the E-Mini Russell 2000 futures market (RTY).
The long-term and short-term directions for the RTY are up as we actively look for opportunities to buy the market!
Right now, the RTY is working through a wide sideways range. If support can hold, the market should push bullish toward the top of the channel.
That would give us a +1412 ticks to work with as we buy low and ride the market through a bullish run. Don’t forget that tick movements make us money as we trade futures. That’s why we use our timeframe analysis to find markets that are setup for a bullish run and have plenty of tick movements to spare.
We’ll want to use the one-hour timeframe to find low prices to buy the RTY as it pushes bullish. You’re timeframe charts are invaluable to you. Use them to find opportunities to buy the market!
Let’s look at the timeframe analysis to get a better picture of where the E-Mini Russell 2000 is going:
Daily Timeframe Analysis
Looking at the daily timeframe chart for the RTY, we can see the market trading sideways.
Notice how flat the top and bottoms trendlines are right now. The market recently pushed toward the bottom of the current channel and is preparing to run bullish again.
Based on my research, we can expect the RTY to bounce back and push bullish. That means we’re actively looking for opportunities to buy the E-Mini Russell 2000.
The current setup gives us about +1400 ticks toward the next level of resistance. If we get in at the right time, we can work toward a healthy profit.
One-Hour Timeframe Analysis
We’re still waiting for the one-hour timeframe to show signs that the RTY is bullish again.
Once the market breaks the short-term down trendline, we’ll jump in and execute our buy-in strategy.
This setup is proof that my strategy really gets to the heart of helping traders make wise trading decisions. The charts and indicators are there to help you make the right call when it comes to trading futures.
We’ll focus on the one-hour timeframe as the market trades. Be sure to keep a close eye on that down trendline! You don’t want to miss out on an opportunity to trade the RTY.
The Bottom Line
The RTY is ready to push bullish after trading sideways. The current market research points to the market breaking the short-term down trendline and then pushing toward our resistance price point of 2314.5. That gives us a health +1400 ticks to trade!
The one-hour timeframe will be most helpful as it will give us guidance on when we should execute our buying strategy for the RTY.
This is why, in order to develop your trading account, you must have a sound trading plan. You’re taking on a lot of risk in the market if you don’t have one.
Keep On Trading,
Mindset Advantage: Invite Focus
Minimize those screens. Stop texting. Stop Stressing.
Everyone talks about it. Very few people do it. Why? Because it’s darn near impossible!
To find true focus in this day and age is nearly unheard of. No wonder meditation camps are springing up all over the world.
Instead of taking 8 hours to ponder the many edges and textures of a raisin… why not just shut off a few distractions?
Turn off the extra screens. Put the flat screen with the news on mute.
Stop texting. Just you and the market. Start seeing it at its natural pace – not as it comes to you (because you’re catching up).
Find focus and see the opportunities!
Traders Training Session
Stay tuned for my next edition of Josh’s Daily Direction.
And if you know someone who’d love to make this a part of their morning routine, send them over to https://joshsdailydirection.