If you think the bond threat is over; it's not. It's you think the chopping is done; it ain't.
It's puzzling to me that the bond market hears another 2 trillion is going out the door and it's complacent with that. I guess because it's all "paid for" by 2 trillion in taxes over 15 years (it won't be). Meanwhile, the market hears that corporate taxes are going up...
Completely forgot about my dark red down trendline that i had placed in 3 months ago. We hit it perfectly and retraced. Even with this small retrace, Elliot wave & Fib state we will make a 100% rebound from our initial fall from february. Expect IWM to head to 170 before novemeber.
IWM is in a really nice uptrend, and it can go further.
- RSI Divergence (bullish)
- Rejects 200 MA
- Oversold RSI
- Tests support & resistance area
- In a uptrend
Enter whenever you want. I will wait for the next candle to form (indecision) and then i can go long.
THIS IS NOT FINANCIAL ADVICE, TRADE AT YOUR OWN RISK!
Happy trading everyone!
According to my startegy and study (Strength & Slow Stochastic) it's time for me to invest in IWM.
Dojy star just formed and Slow stochastic out of 20.
I will go long.
Disclaimer: this is just my idea. Don't invest based only on this.
