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jl360

IWM Bounce

Long
iShares Russell 2000 ETF (BATS:IWM)  
jl360  
BATS:IWM   iShares Russell 2000 ETF
Chart Patterns Parallel Channel Trend Lines
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chartpattern parallelchannel trendline
Looking to play the bounce of the IWM.

Thesis:

Seasonality looks good for an end-of-year rally.
Interaction with lower channel trendlines that have bounced before.
Negative Divergence on the RSI.
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