GolgaFrinchan

Short Russell 2000:channel bottom in SRTY

Long
AMEX:SRTY   ProShares UltraPro Short Russell2000
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4
IWM facing resistance from 2014 uptrend line. Also two degrees of rising wedge forming with continuing bearish divergence on 1 Day chart. ~14% drop in IWM to 38.2 fib level likely to correspond to the channel fill in SRTY.
Trade active: Target reached (20% profit) but keeping position as IWM lost 200DMA. New target 53 with stop loss at 46.
Trade closed: target reached: Stopped out at 46 for 15% profit.

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