Mini-Russell Day Trading Strategy

The mini-russell futures trading at the highs of a major bull price channel, and trading at the major resistance level we found using the AB=CD pattern.  We want to use this major resistance as a big clue if prices rise we want to sell at 832.0 major resistance, and then look to buy a pullback above t level.

Russell Day Trading Strategy

Mini-russell 55 range chart shows us the bull price channel and the buyers have failed above the PHOD.  We also see the major support below 3.0 from the lows of the trigger zone.  if price rihe highs first and then buy a oullback above the 832.0 major resistance.  if price falls we want to sell retracements below the PHOD, look to buy short term at the PLOD but look to really get short when the price moves below the PLOD.  If price moves below the PLOD we are selling off down to the channel lows and the trigger zone support.  take profit at the lows and then look to buy the lows.

The mini-russell 34-range chart shows us just how difficult this price action will be to trade with confidence and consistency.  We can see the major resistance overhead at 832.0 and if we rise to that resistance we look for the fake-out breakout, look to sell resistance first, and then buy a pullback with new higher highs.  We want to sell these highs where we are at this time, but we can see support above 823.6 from the trend line that defines a short term price wedge, so beware.  As price down to 825.0 area we will look for the short term buying opportunities at the support levels of 823.6, 820.3, and even 817.5 which is the low of the trigger zone as major support.  Once we break below the 817.5 we can then sell retracements with what SHOULD be the biggest trading opportunity we get below the 817.5 down to the channel lows and the trigger zone support at 808.0 area.