/RTY (Russell 2000 Small-cap index futures) effectively hit the first target with a high of 1833.30 shortly before the close today for a quick 2% profit from both the original entry (breakout above the recent trading range) as well as multiple objective add-ons, re-entries (for those that sold & shorted the pullback yesterday), or new long entry (for those that missed the breakout) on the backtests of the trading range (~1800) both late yesterday & earlier today. Reaction here or not, I continue to favor more upside to at least the intersecting downtrend line & 1864ish price resistance level. Previous (Jan 3rd) & updated 60-minute charts below.
RTY 60m Jan 3rd
RTY 60m Jan 10th
Today marked the third consecutive green (positive) daily close for QQQ for the first time in over 2 months, with the Q’s going on to rally over 12% from there (including the Dec 13th pre-market spike into the 200-day MA’s). Following yesterday’s tag & typical reaction off T3, /NQ resumed the uptrend today with a break above 11400 likely to spark a relatively quick spike up to T4 (11493ish). 60-minute chart below.
NQ 60m Jan 10th