goodguy
Short

IWM Russell 2000 2 hour log chart: Another update. Still Short.

AMEX:IWM   ISHARES RUSSELL 2000 ETF
24 days ago I posted a count of IWM             I thought likely.. So far the peek at that time has not been exceeded. I now think there is a good chance a true downtrend has started. Both of the counts I currently favor are bearish . Both have a stop of 123.82. Notice we now have a negative reversal in the RSI . Bear ETFs 2x: TWM, 3x TZA             . Best to ya. Goodguy

Not a recommendation. Just an observation. Trade the way you trade.
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