IWM: to trap the bears on Weekly, Monthly, Qtr below 230?

31 Jan

Just above 230 (last Friday's high) seems to be a level where 50% of the weekly, monthly and quarterly bars will be retraced, after the respective bearish range expansion on each timeframe earlier. This week seems offer an opportunity to trap everyone who has been bearish on Small Caps and open the road to the all-time highs. Failure to follow through above 230 will reverse this bullish call though.

31 Jan

Dagangan aktif

Lots of whitespace above 230.
N.B.:
Outperforming SPY while not required, would make my case even stronger.
Being mindful of the broadening formations and taking it bar by bar.

31 Jan

Pesanan dibatalkan

A sharp rejection/reversal at this critical point is not bullish