Smallcaps Oversold again: Bounce in channel likely?!
At lower support, way oversold, red volume dropping here, sellers near exhaustion. Maybe an exhaustion gap down?!
Note
Opening off the overnight lows, up $2 on IWM, low at $210 might be revisited intraday. Not keen on shorting here, long entry soon IMONote
I bought a small bull spread in IWM intraday. See if we get a bounce.
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