claydoctor
Short

IWM breakout coming soon or now

AMEX:IWM   ISHARES TRUST
IWM consolidation triangle, as are all others, and triangle break out between 60 and 70% of their duration, this one being about 170 days. All indicators confirm, and Bollinger is at top of channel now. So do we break lout up, or back down for 3rd touch on bottom TL? This would be the 3rd touch to the top TL. Earnings season effects are essentially over, what will be the catalyst? Or do we trend sideways for a bit until? Pick one, offer your own... Iran oil deal today. China trade news. N K. talks, Trump walks out or stays. TNX is in its channel 2.93 to 3.0, could that break? Or any one of a number of small news items becomes big? IMO, we head back down to bottom TL and then...? TNX is up today, but markets down a bit, that is a sign of weakness.

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do you think it will fall @claydoctor ??
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