C&H on the weekly chart tight consolidation on the daily I will open a long position if it breaks above 20.1
Rejected at the downtrend resistance line H&S formation in progress on the daily chart
Things look bad and IWM is performing worse compared to other major indexes. I will use the short position as a hedge against market going down for my LT portfolio
The resistance line was rejected few times. I missed the last rejection 4 days ago, but the failure of today's rally indicates weakness. I am looking to increase my short exposure and this counter-trend trade is a good candidate in my view