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IWM

$IWM — Potential H&S forming on the 1hr We can either go lower to fill that open gap right off the bat... or We're going to go a bit higher to form the second shoulder, creating the H&S with a downside target of $193... Either way, that gap is filling — not sure if it will today, but likely for next week and for certain before March's 3rd Friday. The StochasticSlow is looking overbought, and the CCI is hinging lower just under that momentum line — bad sign for the bulls, if you ask me.
AMEX:IWMShort
by OptionsAddicts
1
Wyckoff Distribution + InflationThe IWM has completed It's classic Wyckoff Distribution and we are now at Phase E. The target is 170-169 where we have found support. This is a warning for the entire Stock Market to abandon ship while you still can. The IVM is the Titanic and has hit the ICEBERG. We don't have enough boats to save everyone. People will be left on the ship stuck at all time highs holding the bags. "The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists." Ernest Hemingway This post is not Financial Advise.
AMEX:IWMShort
by nerdrx