DaddySawbucks

Smallcaps Oversold again: Bounce in channel likely?!

Long
CME_MINI:RTY1!   E-Mini Russell 2000 Index Futures
At lower support, way oversold, red volume dropping here, sellers near exhaustion. Maybe an exhaustion gap down?!
Comment:
Opening off the overnight lows, up $2 on IWM, low at $210 might be revisited intraday. Not keen on shorting here, long entry soon IMO
Comment:
I bought a small bull spread in IWM intraday. See if we get a bounce.
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