03/13 – 03/17 Russell 2000

IWM

As we see in the chart of IWM ( traded etf for Russell 2000 ) we have a move up from post Trump election with first lower low(LL) last week when we broke and hold below 137.20.  The prior pivots for trading this week is $137.20 and $134.85.  As long as IWM hold  below $137.20, stay bearish and watch for follow through to clear $134.85 and after $133.20. If bulls build up power and broke $137.20, see if they hold and watch for follow through to $140.30 .

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