IWM - Russell Bull Trap?
Updated
It seems unlikely to me that the Russell will find support here and move towards 158. Betting that this is a bull trap and we see a large move downwards towards $125 in July, with the Russell capturing the initial wave of negative news surrounding re-closures and disappointing earnings.
Entry: $141
Target: $125
Entry: $141
Target: $125
Trade closed: stop reached
Still possible this could happen, but closing position after IWM hit 147. Feels like I'm closing this at a top, but stop losses are there for a reason... would potentially re-enter if this hits 154 quickly.
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