DavideG
Short

IWM - Bearish Signals, Expect Downturn

AMEX:IWM   ISHARES RUSSELL 2000 ETF
316 3 3
IWM             has had a nice run since bottoming on October 13th, rising more than 13% in the last month. Expecting IWM             to run out of steam here, however. Possible double top, declining volume and once again faces significant resistance at the upper RSI trend line, which has been intact for nearly 2 years. As highlighted, IWM             fell 11% and 8.5% when last hitting this line. Disclosure: When I trade indices , it is typically for hedging purposes. Target is $113.4.

11.14.14 - 3:09pm EST
DavideG
2 years ago
Price & RSI target both hit - exited at $113.24. 12.15.14 11:56am
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DavideG
2 years ago
snapshot
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DavideG
2 years ago
Chart untouched, IWM has risen 7% since exit. Perfect example of why you stick to your trading plan. 12.29.14 - 1:45pm EST
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