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goodguy
Mar 6, 2017 7:51 PM

IWM: short term follow up. Still may hit target. Long

iShares Russell 2000 ETFArca

Description

3 weeks ago I suggested a target of 143.5-147.(see link below) The most recent price action looks to me like a expanding triangle. I called it a way ".4". If my analysis of the form is correct it should not overlap wave ".1" high of 136.97. The low today was 136.99. If wrong I will use the stop of 136.95. If right we should soon see more thrust up followed by a longer term correction.

Comment

Stop triggered sell.
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