Russell 2000 - Long play

8 mars 2020Price stopped (1) right at Pivot S1 and (2) just above Fib 0.876. RSI is also aligned with previous bottom. If a multi-day uptrend happens from here, the 3x ETF will gain more than 3x by the end of the trend due to positive compounding. If choppy volatility instead continues in both directions, then holding IWM would have been the better bet. Survey: Which would you buy here - TNA or IWM?

9 mars 2020

Commentaire

Based on futures tonight, the aforementioned support will likely be broken tomorrow (Monday).