look how gold is holding while spy rallies all new highs careful long I am shrt GS IWM long NUGT SLB UGAZ IWM weakest today.
SPY weekly says stay short. 200 day test I see coming then bounce lower high drop break 200 273 baby
I went short a little early small shares and have order add looking for a pop then drop
To get this pull back XLF IWM need keep dropping. So am shorting this market.
This video shows a few simple and clear trade setups unfolding in the market for three very different sectors. Take a look, and if you like be sure to follow me here on TradingView!
While the large-cap stock indexes like the $SPY $SPX $QQQ $DIA have been running higher, they are now at resistance and should stall out or at least slowdown. Small-cap stocks have been building a base for a mega rally that could make the large-cap run look like chump change! See more analysis on the small-cap sector: Click Here
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
Can we break out next week SPY IWM ,not sure banks real weak XLF. Sold 3/4 long position on this rally
IWM setting tone for market do we test 275 again yes
A very confused look on IWM this weekend. My perspective on the Russell through an ichimoku lens.