SwingTtrader

IWM is running out of momentum

Short
AMEX:IWM   iShares Russell 2000 ETF
The IWM looks like it's running out momentum, and I expect it to come down very soon. My target will be $158 to recover the short position. Also, if you look at the RSI, you can see is peaking, and this is a clear indication reversal is imminent.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.