IWM Pullback This Week Opportunity Expected on SRTY

Short

iShares Russell 2000 ETF (AMEX:IWM)

Mis à jour

AMEX:IWM iShares Russell 2000 ETF

trendanalysis indicator waveanalysis iwm

IWM has been moving up fast and is due for a minor correction. I'm expecting a 4% pullback to .236FIB if not further and then movement upward again (generally upward into January).

I'll be watching glide paths for a match and if so looking to make a nice trade on SRTY this week.
RSI over 70, Watching for MACD nearing crossover and ABC pattern to complete

*NOT FINANCIAL ADVICE - NOT A FINACIAL ADVISOR*

Commentaire:

SRTY closed up today about 4%, still some distance to run and some more pullback on IWM

Commentaire:

Not there yet. Still watching and waiting.

Commentaire:

Smaller pullback than expected, but...still followed the A/B/C rule then up. Made a profitable quick in/out trade on SRTY

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