Long IWM
As much as I've wanted to see the US markets collapse, it appears that we may get one more thrust up. Bullish divergences are beginning to appear on the weekly charts with MACD posed to make a bullish cross-over. Without a sharp downward thrust in small stocks this week, in conjunction with volatility expanding, probability is beginning to favor the upside in the coming weeks.
Trade closed manually
MACD signal line rejection on weekly charts.
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