Olu

Russell 2000: A Possible 2618 Short Trade

Short
Olu Updated   
TVC:RUT   US Small Cap 2000 Index
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...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.