It seems unlikely to me that the Russell will find support here and move towards 158. Betting that this is a bull trap and we see a large move downwards towards $125 in July, with the Russell capturing the initial wave of negative news surrounding re-closures and disappointing earnings.
Entry: $141
Target: $125
Entry: $141
Target: $125
Trade closed: stop reached
Still possible this could happen, but closing position after IWM hit 147. Feels like I'm closing this at a top, but stop losses are there for a reason... would potentially re-enter if this hits 154 quickly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.