#iwm#long#
April's FoolsIf you think the bond threat is over; it's not. It's you think the chopping is done; it ain't.
It's puzzling to me that the bond market hears another 2 trillion is going out the door and it's complacent with that. I guess because it's all "paid for" by 2 trillion in taxes over 15 years (it won't be). Meanwhile, the market hears that corporate taxes are going up and decides that it's time to celebrate.
Only one of these things can be true. And either the market is watching bond yields too closely so as not to notice taxes, or envisioning what 2 trillion in infrastructure money looks like and deciding that it can compensate for the tax increase somewhere down the road.
It wasn't just that the market blazed ahead without really digesting the new possibilities. It's that it saw a rotation back into the same old tech plays and memery that everyone rotated out of. huh.
Anyways, Gold GLD is looking pretty good, Retail Trade is looking overbought, and Consumer Staples is looking weak in the face of tech resurgence.
$IWM PT $170Completely forgot about my dark red down trendline that i had placed in 3 months ago. We hit it perfectly and retraced. Even with this small retrace, Elliot wave & Fib state we will make a 100% rebound from our initial fall from february. Expect IWM to head to 170 before novemeber.
IWM can go up further ;)IWM is in a really nice uptrend, and it can go further.
- RSI Divergence (bullish)
- Rejects 200 MA
- Oversold RSI
- Tests support & resistance area
- In a uptrend
Enter whenever you want. I will wait for the next candle to form (indecision) and then i can go long.
THIS IS NOT FINANCIAL ADVICE, TRADE AT YOUR OWN RISK!
Happy trading everyone!
IWM time to investAccording to my startegy and study (Strength & Slow Stochastic) it's time for me to invest in IWM.
Dojy star just formed and Slow stochastic out of 20.
I will go long.
Disclaimer: this is just my idea. Don't invest based only on this.
