$IWM – Bull Flag Breaking Out?
Hooray for small caps! It is looking to me like 
IWM (Russell 2000 small cap ETF) is ready to participate in the newest market rally. This is great news as it shows the market is broadening with more participation. I do not have a position yet, but I am looking to start one if this keeps showing strength. I may even use the 3x levered 
TNA as a booster. (Cannot hold levered ETFs too long as they are geared for day trades). Ideas, not investing / trading advice.
You can see I have outlined the Bull Flag as well as important moving averages. On the lower part of the chart, you can see the Volume has picked up, the MACD is rising and the indicator at the bottom shows market new highs new lows (new highs are green days).
I hope this helps someone. Thanks for looking. Constructive comments always welcome.
IWM (Russell 2000 small cap ETF) is ready to participate in the newest market rally. This is great news as it shows the market is broadening with more participation. I do not have a position yet, but I am looking to start one if this keeps showing strength. I may even use the 3x levered TNA as a booster. (Cannot hold levered ETFs too long as they are geared for day trades). Ideas, not investing / trading advice.You can see I have outlined the Bull Flag as well as important moving averages. On the lower part of the chart, you can see the Volume has picked up, the MACD is rising and the indicator at the bottom shows market new highs new lows (new highs are green days).
I hope this helps someone. Thanks for looking. Constructive comments always welcome.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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