The Russell has been stubbornly strong with looming Government stimulus bill, but the trendline in place since the US election has finally been broken... I foresee a stairstep selloff in the coming weeks, simple chart, simple parameters. A close above the upper trendline would invalidate this bearish trade setup.
*Personal opinion + TA interpretation= not investment advice
Best of Luck!
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Opening very small short position although my original trading concept has blown up, the double top formation is highly likely given almost no volume. Will examine 3/19 215/205 put debit spreads friday
You were right, yet you had to quit.....I've sucked similar setups during the past years until I'm started to using options.
Check this for example on IWM russel 2000: