IWM - Doesn't Get More Bearish Short
iShares Russell 2000 ETFArca
Description
⋅ Just another bearish post. All three of my regular indicators are now pointing to IWM taking a dump.
Bollinger Bands, IWM is below the 20 DMA.
Stochastic flashed a bearish signal a few days ago, and is heading to oversold territory.
MACD crossed said to sell on Wednesday.
A contrarian investor would say its a good time to buy though. Persoanally, I'm selling call spreads for Dec expiration.