Mixed signals on IWM
I don’t know what to think about IWM even though I shorted more today. IWM had an ugly candlestick reversal the other day and it also failed after overshooting the 200 MA. The upward channel looks more like a channel than a wedge and other than that candlestick reversal pattern and the uptick in volume, there’s no real indication that this thing is headed south. Short it on a break of the trendline or the 50 MA.
Leave a Reply
Powered by WordPress | Vdsat Charts Copyright © 2010 | Site Admin