timwest
Long

Russell 2000 ETF IWM hits CCI +100, Here's what happened before:

AMEX:IWM   ISHARES RUSSELL 2000 ETF
571 3 2
Here is a nice graphical display of what happened the last 3 times that IWM             was deeply oversold and then turned up and hit +100 on CCI . CCI here is simply the 1 standard deviation above the 21-day average.

With the great tools that Tradingview has at your fingertips, you can see what has happened visually in very powerful form.

Let's see what happens this time. This time the VIX             is a lot lower than the other examples, but either way it was worthy of your attention.

Best regards,

Tim 12:45PM EST, Tuesday, May 27, 2014 113.28 +1.31 last (+1.17%)
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like this setup. very easy to watch CCI oversold and overbought
Reply
Nice pattern. Very conservative entries I would more likely buy the bounce with tight stops as trend resistance is approached and jump back in at these marks.
+1 Reply
Hi JonR, I can't tell what you mean to "buy the bounce with tight stops as trend resistance is approached and jump back in at these marks". How tight a stop? When is trend resistance? When is "approached"? If you can answer, great. Otherwise, thanks for the comment.
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