03/06 – 03/10 Russell 2000

iwmd1

As we see in the chart of IWM ( traded etf for Russell 2000 ) we have a move up from post Trump election . The prior pivots for trading this week is $137.20 and $140.86 which are also the highs and lows on weekly chart of the last week.  As long as IWM hold $137.20, stay bullish and watch for follow through to clear $140.86 level. If bears build up power and broke $137.20, see if they hold and watch for follow through to $133.20 level.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s