Long

IWM: Multiple S/R Lines Converging

Updated

Price broke a year long down trend line in July and found support on the trend line in Sept. Price now flirting with a squeeze between the 200sma and a S/R range tested multiple times since 2021. RSI and MACD showing positive movement and run to the upside. If S/R is broken next price range test 195/200.

Trade active

Able to get into a weekly Put Credit Spread at the 9sma ($180). No major movement in today's price and still above the 200sma for support. MACD and RSI still showing positive slope.

Trade closed: target reached

option expired with full profit

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