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MichaelMF
Aug 30, 2019 3:28 PM

IWM Sliptember Short

iShares Russell 2000 ETFArca

Description

Possible retest of the 150 again next week. If that fails then gonna watch the $145. Lots of movement in between, TA: the BB was catching up and looked overbought causing buying. FA: tweets and jawboning caused buying. LTF: 2 hr MACD is getting weak, Stoch Crossed, all that.

Will be watching for retest Gap Up Tuesday as well as watching what China does with their currency and with the tariffs supposed to kick in. Labor day Monday so we have a long weekend to watch for news.

Depending on news and other factors may be looking at puts on Tuesday.

Pure speculation. For fun only not advice.
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