I chose to go with the calls, but URTY, Russell 2000 3x leveraged long ETF would be a close second, I think it would be better if we get a more sustained bounce.
Here's what I like in the IWM as well as URTY (long).
The intraday pullback has transitioned to a positive divegrence 2 min
The 5 min is leading and leading for today specifically.
The 15 min overall "W" base
The 30 min chart positive at the second base area, it looks like a real bull flag, I wouldn't normally trust it if I weren't seeing positive 3C signals
We even have a clean 60 min IWM positive with most of the positive at the second bottom as it should be.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment