Olu
Short

Russell 2000: A Possible 2618 Short Trade

TVC:RUT   Russell 2000 Index
79 2 2
Comments on the chart. Now there are a lot of bullish indications on the chart as well. For example price is above both SMAs which is bullish . So care must be taken when considering this idea for a short
Comment: As with the 2618 trade the idea is still in play if the double top is not taken out. So there it is. Today's price action helps the idea
Comment: All the major stock market indices fell last friday including the Russell 2000. The double top is still intact. However I am lowering the risk to the high of the doji at 1592
Comment: Price is falling but not as hard as the other major US stock markets. It is a fall nevertheless...
Im looking at the entire market stutter, stall out and drop lower. It had a almost 10 year run up to this point.

The recently introduced high levels of volatility indicate that we are in for a multi year drop off. Usually the thing that has most inspired the market being Tech or the FANG stocks will likely be what kills the market in general.

I m CORE SHORT until the end of the year on RUT and SPY.

I will follow the DIA to help Gage the rest of my holding.
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Olu bcgreed11
@bcgreed11, I agree with you. Let's see what the market will do
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