N0tSwift

IWM Pullback This Week Opportunity Expected on SRTY

Short
AMEX:IWM   ISHARES TRUST
IWM has been moving up fast and is due for a minor correction. I'm expecting a 4% pullback to .236FIB if not further and then movement upward again (generally upward into January).

I'll be watching glide paths for a match and if so looking to make a nice trade on SRTY this week.
RSI over 70, Watching for MACD nearing crossover and ABC pattern to complete


*NOT FINANCIAL ADVICE - NOT A FINACIAL ADVISOR*
Comment: SRTY closed up today about 4%, still some distance to run and some more pullback on IWM
Comment: Not there yet. Still watching and waiting.
Comment: Smaller pullback than expected, but...still followed the A/B/C rule then up. Made a profitable quick in/out trade on SRTY

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