#IWM Russel 2000 has found support at the old channel resistance
Updated
Nice bounce off the breakout level for small cap stocks in the us. This should bode well for further upside
Note
The intraday bounce off old resistance didn't hold and the moment we broke below this level, all bets was off. This is a perfect scenario that shows how important it is to have a plan with a stop when a call doesn't go right
"If you do what you love, you'll never work a day in your life" - Marc Anthony
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.