IWM: Will it lead?

26 thg 12, 2018Like the other indices, pretty stellar turn around in the small caps. We are currently hitting against the 23.6 retracement. If we get above the 133 area, then the 137 area is likely to offer resistance in the form of fib confluence. Again, it is wait and see. Have a feeling though that this might be a nose bleed for the bears.. I think as long as 126.3 holds this has quite a bit of upsdie.