RUT hits an important FIB level Short

TVC:RUT1W

US Small Cap 2000 IndexTVC

Description

⋅ Jun 13, 2018 1:05 AM

RUT hits an important Fibonacci extension level. Short Fed decision spike against 2% StopLoss

Comments

bcgreed11

⋅ Jun 13, 2018 6:33 AM

Would like to know if you will short here? Market especially RUT looks extended on the weekly?

Thank you

Sachinsyd

⋅ Jun 13, 2018 6:42 AM

@bcgreed11, I guess if one has the liberty of time and lots of cash to speculate then they can build shorts around here (channel top with lower line at Aug 17 and feb 18 lows.) till 1730. 1730 area is the KEY long term resistance.