FU on IWMMy up target on IWM hit and long position closed. Personally I'm taking a partial short position. Will likely add when price leaves up channel on the 120 minute. Take care. Process your way.
TZA
IWM: expecting some up action with the Russell 2000Intermediate up trend broken broken on the dialy log chart. Have a gap to close above. Of course not sure how high it will go before the next fall.
Short term f/u on IWMThe triangle consolidation idea seems to be working out. See link below for longer term charts.
Going short IWM
Follow up from previous post ( see link). IFFFF correct we have a "c" wave ahead of us. They can be fast and furious. If wrong my stop is a close > than recent high (dashed horizontal line on daily chart ). Bearish engulfment candle on daily. Increasing bearish diverge on weekly RSI . If black uptrend line broken may add to position. Take care
I'm going short on IWMWith drop today I took short position. The action from Feb. looks like a form of H&S with the H a M shape to me. Using that idea I have a short term target that wold take out the nearest gap. I personally am using a 2 hour close above 134.56 as my stop (the low of .1 on a non-bat realtime chart). There is always more risk to take the bear side in a long term bullish market so caution with this trade if you take it (ie don't risk too much). I am not a adviser just sharing the way I see things. You must always process your own way. Take care.
Long Inverse US SMALL CAPSBig spike coming due to overbought levels in the smallcaps asset class.
This ETF will rocket over 40.
IWM Russell 2000: Expecting a reversal soon.Here is my current view of the small caps. The weekly chart (not shown) has developed a negative reversal in the RSI. There is now a bearish divergence in the daily RSI (solid black line). A projected target (short up arrows) from the recent positive reversal in the daily RSI is at the level of a 78.6% correction (around 121-122). This also is at the upper channel line. Also at this level c=.62 a. So would be a great spot for a reversal. Will be watching the daily and weekly candles for a "sign" this is correct analysis. Have a great week.
S&P CyclesFrom the past two appreciable declines in 2001 and 2008, there appear to be some trend lines worth watch, in case current price action follows similar patterns.
Russell 2000 2 hour follow upThis is a follow up from my longer term chart previously published. I think there is a good chance we are at the top. However bears having been saying this for about 2 years. So of course needs confirmation. Take care. Goodguy.
Sorry my numbering does not match up with my previous charts. The (4) on this chart was 4 on previous. Doesn't change my position on this. Just in a hurry this morning.
Go short IUX by going long TZARussell 2000 showing warning signs and IUX 1150 looks viable which implies TZA near $13. Close and follow through above $13 and continued drop in IUX opens up $14.50 and from there $17.10's holds off $19 's.
Small Caps Bear ETF may popSlo Stoch crossed positive volume is up
the Russell and the rest of the market
is selling off. A Bear ETF makes sense to me.
TNA abcd in speA quick chart for TNA...abcd could be in the cards.
Has retraced a 61.8 and bouncing.
I'm early in on 1st long position
Safe trading Ladies & Gents
BM
After posting chart: ( The fib should have been at the exactly top - then a perfect spot on 61.8 retrace could be seen)
