{"id":14629,"date":"2011-08-26T13:29:53","date_gmt":"2011-08-26T17:29:53","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=14629"},"modified":"2016-09-20T09:13:01","modified_gmt":"2016-09-20T13:13:01","slug":"some-quick-intra-day-trading-setups-r2000-short","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2011\/08\/26\/some-quick-intra-day-trading-setups-r2000-short\/","title":{"rendered":"Some Quick Intra-Day Trading Setups &#8211; R2000 Short"},"content":{"rendered":"<p>Here is the skinny: There is a good deal of short-covering today. Of course buyers are excited that the green lights are shining on the board, but let&#8217;s also realize that the levels today are simply a return of what was lost yesterday.<\/p>\n<p>With the market consolidating, there may be some opportunity to benefit from the volatility.<\/p>\n<p>Specifically referring to the Russell 2000, here is a quick<!--more--> idea.<\/p>\n<p>A Short (use your favorite ETF) near the 690 level of the R2000 appears to be a way to use the upper end of the price-at-volume chart to your advantage. If the R2000 breaks above 692 with conviction (cover the trade) &#8211; there are a few levels of resistance on daily and 30 minute charts at 697.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\">(Click to enlarge charts)<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/08\/30min-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-14652\" title=\"30min\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/08\/30min-1.jpg\" alt=\"\" width=\"494\" height=\"401\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Notice that there is a good deal of resistance at 697. That is another point that has a higher probability of a stall.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/08\/dailyr2000-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-14653\" title=\"dailyr2000\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/08\/dailyr2000-1.jpg\" alt=\"\" width=\"526\" height=\"376\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Just some thoughts as markets are moving quickly and there is a good deal of volatility range to enjoy.<\/p>\n<p>(Use this as an educational idea only)<\/p>\n<p style=\"text-align: center;\">___<\/p>\n<h3 style=\"text-align: center;\">Looking to invest in The Disciplined Investor Managed Growth Strategy?<br \/>\nClick <a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/mailbox\/tdi-investment-fund\/\"><strong>HERE<\/strong> <\/a>for the virtual tour&#8230;.<\/h3>\n<p style=\"text-align: center;\">___<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here is the skinny: There is a good deal of short-covering today. Of course buyers are excited that the green lights are shining on the board, but let&#8217;s also realize that the levels today are simply a return of what was lost yesterday. With the market consolidating, there may be some opportunity to benefit from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[483],"class_list":["post-14629","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/14629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=14629"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/14629\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=14629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=14629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=14629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}