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themarketzone
Dec 15, 2023 10:48 AM

Weekly chart - Testing resistance 

E-mini Russell 2000 Index FuturesCME

Description

IWM had a strong week.
It is still in what I consider a Resistance Zone.
So I'm currently looking for bearish positions and signs of weakness.

Notice that IWM has generated strong moves before that turned out to be false moves.
It will be interesting to see at which price levels we'll close the year.
Comments
FlippaTheShippa
I agree I got short as well for a mean reversion back down just playing the extreme range as well.
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