IWM has hit long term resistance at $144 and bounced down off it. This looks to be setting the stage for a reversal, at least in the short term, Tuesday. Be careful out there, as the markets have been trading sideways for a week now.
Note
IWM opened lower and bounced back into the channel. Going to be interesting when it hits the 50ema.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.