MichaelEugen1

IWM is basing, don't get bearish yet

Giá lên
AMEX:IWM   iShares Russell 2000 ETF
Hey all, IWM has stood out to me for both its relative strength despite the dump into the end of September and the basing pattern it has made at a key level. I was trying to play a bounce early last week, and though I was initially up, I am now either red or neutral on every position I have longed, except for IWM, which I am up on *barely*. I expect there to be a bounce across markets in October; the question, in my eyes, remains when & how substantive; if I had to answer those questions now, I think we put in a bottom early this week, and I am looking for a roughly ~9% bounce on the S&P. As my key reference point, I am looking to 2008. I think we have a ~9% deat cat(S&P) bounce before an accelerated sell-off, similar to 2008. I think trading long here on the Russell is a very solid risk:reward trade.
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.