DuncanParker

No Reason To Get Excited...

BATS:IWM   ISHARES RUSSELL 2000 ETF
113 1 0
The bearish price action today feels great and is good to see - if for nothing else than to acknowledge the market still has a heartbeat despite the zombie bull. However, virtually zero technical damage has been done so far. In fact, this could even be a part of yet another bullish setup forming. I'm short, hedged long on calendar spreads (calls on near month puts on out months) in IWM             , so I'd love to see bearish continuation. At this point there's no new information to trade, so I'm just staying in my positions waiting for price to guide. The bulls actually get the edge here for now with guesstimated odds of 60/40ish. But, I won't be entering any new long positions this side of expiration. Good luck everyone!
Wouldya looky there. Found the trendline support and stuck above it - for now. I love magic.
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