claydoctor
Short

IWM may reach long term support end of this week

AMEX:IWM   ISHARES RUSSELL 2000 ETF
44 0 1
Beginning to think about abandoning the HS IWM             config based on the USDJPY             reaching its end of triangle formation, as it did November 2013. If I silence the noise, and just chart this, don't see how we don't head down to the long term support line IWM             , and bounce off that, and also exit the USDJPY             triangle, crossing the red line in the sand, and not looking back. Also, have to factor in oil             prices coming down, while geopolitical being ignored by the markets, thinking somehow oil             will not spike up, and bring down the market. USD safe haven factor too, may increase in strength AND the market up too? Not like the old days. Going with TZA             this week, and maybe switching to TNA             next week, BUT WATCHING VERY, VERY CLOSELY TO EVERYTHING. Note the RSI , and that the first USDJPY             trinagle was more volitile, and the second, ending soon, less volitile. Some of the noise though, the VIX             so low, and if USDJPY             up and markets up, VIX             actually going lower than historic? Hard to imagine. Trying to imagine how VIX             spikes and markets go up, not down. Things that make you go MMMMMMMMMMMM. WATCHING CAREFULLY HERE.

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claydoctor
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claydoctor about IWM 2 years ago
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