MindsForge
Short

H&S and the 20DMA

AMEX:IWM   ISHARES RUSSELL 2000 ETF
87 0 0
  • A couple supports at 120.62 and 114.21.
  • Head and Shoulders pattern emerging.
  • Price has broken the 20DMA during trading hours today.
  • Target for a direct short on this could be the 114.21 support , possibly even timed by the trend line (drawn on the weekly scale).
  • MACD histogram is looking to cross below 0

This chart is re-inforcing my TZA             trade (a related 3x bear), linked.

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