I would add to the SRTY 3x leveraged short Russell 2000 if I had not already added and if there were any advantage which there is not as the position is flat at break-even, but it does look like IWM is going to give us that nice Channel Buster Example I can use for a Resources and Concepts post.
IWM downtrend Channel Buster looks ready to fail (A type of head fake move).
The intraday 1 min is not looking good as IWM underperforms again today.
And a zoomed in look at the 15 min chart shows it too has flipped and we have some bearish engulfing candles on timeframes from 15 to 60 minute.
If I didn't have a position, I'd enter SRTY in this area or perhaps TWM (both long).
If there's a decent intraday pop (set up), I may consider some IWM puts.
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
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