themarketzone

3 reasons to try shorting $IWM tomorrow after FOMC

AMEX:IWM   ISHARES RUSSELL 2000 ETF
$IWM used the last day before FOMC to catch up with its fellow indexes with a strong rally.
The chart shows that $IWM has reached a very interesting zone for those who think that this aggressive pullback in indexes is just a pullback.
Downtrend line, 61.8 Fib retracement level and Daily resistance zone are three good reasons to try to short $IWM tomorrow after FOMC as long as it stays within this zone! Very important that the technical situation remains the same after the FOMC (even it it spikes higher and retrace back).
Monitor this zone and decide how you want to play it
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out