arelkin

IWM - More Room to Run but Tread Lightly

BATS:IWM   ISHARES RUSSELL 2000 ETF
68 0 1
The Russell 2000 has had a stellar             year trading beautifully within it's channel and bollinger bands . No reason to try to trade countertrend until these key principles tell you otherwise. RSI has room to run until overbought can be claimed and price has overtaken a key Fib line which should propel this index through all time highs for a potential test of its upper channel around $114 - $115. As always, watch out for headline risk and don't chase.
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