IWM, Russell 2000 retracement?

E-Mini Russell 2000 Index Futures (CME_MINI:RTY1!)

Updated

CME_MINI:RTY1! E-Mini Russell 2000 Index Futures

chartpattern indicator trendanalysis iwm russell2000 rut rut2k russell

The Measured move of this triangle has been reached. I had a good strangle trade on IWM with calls/puts purchased before election. Strangles are terrific strategies when you know a big move is coming and the leverage of options can 5-10x or more in these type of moves. I'm now hoping for a pivot down in the market.. it could be mild- I don't know. We could melt up until end of 2022 but I'll be patient for retracements.

Comment:

s&p in a very different place compared to small caps (es1!) e-mini at an apex on this wedge

Comment:

WOW, WHAT A MOVE TODAY. No clue where the pivot will be.. ripping

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