Tuesday, September 18, 2012

IWM Should lead

If one was so inclined, a quick trade should be able to be pulled off fairly easy and thus far it looks like the IWM (as it should) may very well lead this move.

URTY ETF is a 3x long for the IWM. UWM is the 2x leveraged long ETF.

 IWM 1 min very sharp and fast move on this chart

 IWM 3 min positive divergence

Stay nimble though, at 5 min is is pure leading negative.

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