arelkin

IWM - More Room to Run but Tread Lightly

BATS:IWM   iShares Russell 2000 ETF
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The Russell 2000 has had a stellar year trading beautifully within it's channel and bollinger bands. No reason to try to trade countertrend until these key principles tell you otherwise. RSI has room to run until overbought can be claimed and price has overtaken a key Fib line which should propel this index through all time highs for a potential test of its upper channel around $114 - $115. As always, watch out for headline risk and don't chase.
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