Smallcaps Oversold again: Bounce in channel likely?!
At lower support, way oversold, red volume dropping here, sellers near exhaustion. Maybe an exhaustion gap down?!
Note
Opening off the overnight lows, up $2 on IWM, low at $210 might be revisited intraday. Not keen on shorting here, long entry soon IMONote
I bought a small bull spread in IWM intraday. See if we get a bounce.
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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.