20050831 The expected breakout came on the upside, with good momentum. The setup was an ID (Inside Day) but the range was nt the narrowest of the last 4 days for Aug 30. 

E-mini Russell 2000 chart

20050831 Breakout on upside of ID/NR2 setup, yieled good results with follow through. 

E-mini Russell 2000 chart

20050830 No sign of the expected strength after the buying candlestick. Basically the stock indices are mirroring (in reverse) the crude oil price. An ID (Inside Day) pattern today indicates possibility of either side breakout, but CCI momentum is down. 

E-mini Russell 2000 chart

20050829 Candle indicates buying interest. A technical rebound after multiple consecutive days of losses. Resistance at previous day high needs t be taken out fro Russell to get out of danger, but divergence appears on the CCI, indicating slowing down momentum. Expect more strength, at least in the early part of tomorrow's trading. 

E-mini Russell 2000 chart

20050626 Break on the downside of the ID candlestick provided a good short trade.

E-mini Russell 2000 chart

20050825 A pause, with an ID (inside day) candle, signlling possible strong move either way. 

E-mini Russell 2000 chart

20050824 Tried and failed the moving average. So not 660.9 remains the focus, shorts can remain unless closes above this level. 

E-mini Russell 2000 chart

20050822 Pulls back to the moving average, giving possibility of short. 

E-mini Russell 2000 chart

20050819 A little support brought ER back to the highs of the previous day, needs to get above the moving average to get out of danger of accelerating downside. 

E-mini Russell 2000 chart

20050818 Second consecutive day closing below the moving average. CCI indicates downside momentum is still strong. 

E-mini Russell 2000 chart

20050817 Had weakness in early morning trade, followed by the bounce. Russell though unable to hold gains for the day, confirming the technical weakness. The candlestick is a doji, indicates balance between bulls and bears. 

E-mini Russell 2000 chart

20050816 Russell broke down as expected. Momentum seems to be building on downside with closing below moving average and strong CCI downside momentum. 

E-mini Russell 2000 chart

20050815 Green Moving average provide support. CCI still below zero indicating momentum still down, despite the big buying candle today. Looking for short below the green moving average level 657.30. 

E-mini Russell 2000 chart

20050812 The more probable downside move came today. CCI starting to build momentum on the downside, so may be more weakness ahead, at least for first day of next week. Looking for short trades. 

E-mini Russell 2000 chart

20050810 Big Doji candlestick, balanced between buyers and sellers. Wait for next signal, could be more on downside, unless CCI can cross back above the zero line. 

E-mini Russell 2000 chart

20050808 Broke through and closed below moving average support If the 50CCI crosses down below zero, could signal acceleration of downside. 

E-mini Russell 2000 chart

Russell 2000 small cap futures, the new favourite

The CME e-mini Russell 2000 contract has emerged as a favourite among small traders and hedge funds alike due to its characteristics:

• a free float weighted index of 2,000 sma.l capitalised stocks listed on the USA
• provides exposure to and hedging of small cap portfolios
• very good intraday trending characteristics and volatility (US800 to 1,000 range per day)
• has developed a pool of deep liquidity

E-mini Russell 2000 chart