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Ichnokucloud

IWM through cloud and confirming on hourlyIWM 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.
AMEX:IWMShort
by mologna
$JOY Potential Continuation Long Check out Networthie.com to share your thoughts on effective trading strategies and systems. Would love to hear your ideas. - Market Internals today 07/18 are calling for a continuation of bullish action tomorrow morning. - That being said, market internals can quickly change, i.e. the S&P 500 starts to trade below its 100 SMA and the Breadth Ratio reverses to show bearish sentiment. - If tomorrow we see a continuation of the bullish market internals, then look for a potential retracement of $JOY to the Kijun-Sen or the 20-period SMA for a good risk/reward potential back to the prior highs.
J
by TraderR0BERT
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