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IWM

Have You Considered A Ride Down IWM 170? AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase of sellers between last week and this week. Last but not least, the etf shows a shooting star candle that printed on the weekly chart (March 13-17, 2023). Therefore, my plan is to short IWM below 170! I will ride down IWM 170 (provided price gets there of course). *This is not financial advice Peace & Harmony, MrALtrades00
AMEX:IWMShort
by MrALtrades00
TZA Long, IWM Short due to weakness in XLF & SPY- Very notable drop in the last 3 days for all sectors. Most important factor to remember is always following the trend and dont try to fight against it. Even though today there was a lot of opportunity in both direction it was quite a choppy day. - I mentioned yesterday any pop bullish on premarket data will be a good short for all sectors and i will be getting in too. - Took a decent 6100 shares position in TZA which is leverage 3x ETF for IWM short. - SPY and QQQ now below 200 daily MA. - Very oversold on multiple time frames would like to play a bounce Monday when we have all time frames oversold at a same time, ideally a gap down Monday for a bonuce play. - All trends still favor the bears expect we are still in a weekly uptrend, SPY approaching that weekly support very soon.
AMEX:SPYShort
by ArcadiaTrading