Monday, March 19, 2012

IWM

 Like I mentioned many times last week, the IWM was playing catch up, it was the furthest from a break of resistance that bulls would chase.

It's also the first intraday to move, at least more seriously then the others. At the white arrow there's big volume but those were the highs for the IWM, possible churning there...

If the averages can hold lateral and the TICK can break down badly, I would consider a quick options fade trade

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