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.
Is interest rates about to start going up?
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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
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