Thursday, September 19, 2013

Market is Flagging

I mentioned this earlier as 1 of 3 probabilities and as far as the IWM short trade potential, this is the best outcome.

Technicians take a bull flag as a consolidation/continuation pattern so that break out I need to short the IWM is more likely as the flag is clear now.

volume is perfect for a flag, so now it's just a matter of the flag pattern being bought, a breakout above resistance and 3C confirming worsening negatives in the IWM, this gives a VERY high probability short trade opening for the IWM or any other average, but so far the IWM is my favorite.

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