Mulai
somethingotherthansports

$IWM bear/bull case

iShares Russell 2000 ETF (AMEX:IWM)  
somethingotherthansports  
AMEX:IWM   iShares Russell 2000 ETF
Trend Analysis Chart Patterns Volatility IWM Divergence bearbull RVX gap gapfill Parallel Channel
0
0
trendanalysis chartpattern volatility iwm divergence bearbull rvx gap gapfill parallelchannel
BULL CASE

  • Channel support looms.
  • Big volatility down trend (RVX) - possible support of 29 in RVX from March breakout.
If uptrend from 7/31 in channel continues:
  • 166 would be fill of Feb gap down.
  • ATH's come next at 171.
  • Multi-week, channel upside goes to 185.

BEAR CASE

  • Bearish divergence on RSI, riding up on down volume.
  • Multiple support levers that could get swept away in sell-off.
  • Double top alive if bears capture ~154 in the near future.
  • Early August gap needs filling down to 151.
  • Mid June gap needs filling down to 142.

Open to any thoughts/feedback. Mostly going through this exercise to force myself to be clear-eyed about risk reward.
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.