AMEX:IWM   ISHARES TRUST RUSSELL 2000 ETF
73 views
3
73 5
IWM ($RUT) forming a pennant , just a reminder that small caps plunged first last fall.

The weakness in small caps makes it hard for me to get bullish on the market though futures look to be setting up for another pump and dump tonight.
Comment: This could be serious trouble...
Yes I been watching this too. At peak on 6 May it had retraced 0.739 of the drop from 172 > 126. Now at 153 stands at 0.597.

Most pennants are continuation formations... trend is Bear. Ty for post HH!
Reply
hungry_hippo DaddySawbucks
@DaddySawbucks, thing is though.... the pump and dump algos are still running. Futures up already.
Reply
DaddySawbucks hungry_hippo
@hungry_hippo, Pretty weak, +2 not +20. Most significant was price of SPY, QQQ and DIA in post-market closed at 8PM, virtually unchanged, slight gain in QQQ.

As you observed is easy for big money to manipulate futurz after hours in thin trading. It's distribution phase; public participation is coming soon.
Reply
hungry_hippo DaddySawbucks
@DaddySawbucks, too early to say. You really don't know what the Euros are going to do. Didn't really expect the market to gap up today, but Mondays, lol....
Reply
DaddySawbucks hungry_hippo
@hungry_hippo, IWM gets to 156 I'm shortin it!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out