IWM through cloud and confirming on hourly
IWM has punched through its cloud and is forming a nice bearish flag pattern on the daily.
On its hourly it is showing a shooting star near its hourly cloud, and7-period RSI has re-entered neutral territory.
Furthermore, April 17th $133 PUT options currently have a MASSIVE amount of open interest, almost 80,000. This shows that institutional investors are betting big to the downside.
If you want to play with the big boys, then that April 17th $133 PUT option also has the best strike / price ratio and potential for profit.
On its hourly it is showing a shooting star near its hourly cloud, and7-period RSI has re-entered neutral territory.
Furthermore, April 17th $133 PUT options currently have a MASSIVE amount of open interest, almost 80,000. This shows that institutional investors are betting big to the downside.
If you want to play with the big boys, then that April 17th $133 PUT option also has the best strike / price ratio and potential for profit.
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