A dash for trash has been observed! Many participants are tryging to buy to and squeeze companies that have been beaten down and fundamentally weak.
The RWM looks very bearish for the Russell 2000 Using the Gann Fan, moving averages and patterns like those mentioned in Stan Weinstein's Secrets of Profiting in Bull and Bear Markets I feel the market is in for a downturn
IWM has been the spy's faithful partner up chart since 2009. This run is different. I think we may be destined for failure.. until iwm can muster the strength to breaks its trend. Suppose there's 2 possibilities here. either spy's gonna retreat, or iwm needs to make up some ground.. has a large distance to make a new high. Given circumstances i think retreat...
Heres some interesting spots on chart. xlf been lagging. similar to iwm.. which looked to be backing out of similar resistance zones. May pickup some puts to add to my rally for nothing hedge.. Keep waiting to hear why we're back up here. fed rate that never changed? trump deals that never get made? earnings revisions everywhere.. so much debt.. etc Seems...
Skilled traders watch all the charts to assist them in identifying characteristics that can assist them in understanding price moves, key support/resistance levels, and price patterns. This IWM chart should be on everyone’s radar at the moment. Where the IWM finds support, so will the other US stock market indexes. The IWM setup indicates we may only see a 5~7%...
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
Possible IH&S PO at 39.80 area $IWM, $RUT
Possible falling wedge $IWM
My thesis is based on the following: 1. Multiple lower highs and lower lows 2. Trendline break Confirmation Timeframes: Day Chart and Week Chart AMEX:IWM Trade: Short IWM Long RWM The other option is to go long RWM