dionvuletich
Long

IWM Weekly Island Reversal - Net Long

AMEX:IWM   ISHARES RUSSELL 2000 ETF
35 0 1
IWM             Formed a nice island reversal on Friday therefore I am net long looking for a bounce to 112 if not higher...

Expecting a larger correction down from there so only trading what I believe it a larger "B" leg higher and will be initiating longer term short positions once it hits 112 or so (subject to what the structure looks like if it gets there) but any clues to the downside could lead to a quick correction lower in a larger monthly "C" leg down to around 76.00

See how we go!
Trade closed manually: Scaled half out... rest is waiting for test of 112
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