broke the trend , which i like in the short term , as long as it snaps back fast.
$IWM has already gotten out of a channel and retested it .
Look at that pretty candle. I dont want to type anything more than that.
Bearish engulfing . We have to see a better setup to go long
This is a chart and not an opinion, but gaps do get filled
Here is what i see. The flush can stop around 107
Here is a view i have been watching . Such cyclic behavior could be engineered such that it can also resume the overall uptrend. How is TBD . may be someone makes an overture to the other party and then all is good and happy. I doubt it , but it is possible
I found 4 ( i only need 3) points that fit that red line . This means nothing or could mean alot.
Still yet to make a dime on a short term trade despite this observation. Long equity and calls.
We could be working on that broadening formation support or we could be in for a support with a look below 3 point line. Multiple frames point to 45,500
Look what we are seeing , but have we put back in enough capital is not a known entity.
Here is for study . This is not a long term trend projection, but we are looking for a squeeze up.
The squeeze was to be exploited.. its a price squeeze.