RIDE THE RUSSELL!! Our Favorite This Year!
Hello Traders,
IWM (Russell2000) has been one of our FAVORITE trades this year. We've participate on every major rally we saw. Those nice 6-10% overnight hold trades.
We're waiting for the Russell and the Dow to join other indexes towards the ATH breakout levels.
Let's go straight to the chart.
2 important levels:
1. $153-154 major breakout support
2. $148-$150 previous breakout support
These 2 levels put us in a nice buying support range.
Although we don't see it on this chart the Russell2000 (CFD) is currently up 1.2% (9/7/20 12:20 PM EST). A daily candle close above the $1541 level would put us right back on the bullish zone.
Watch for a potential gap up on the Russell going into Tuesday trading session.
RIDE THE RUSSELL!
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
IWM (Russell2000) has been one of our FAVORITE trades this year. We've participate on every major rally we saw. Those nice 6-10% overnight hold trades.
We're waiting for the Russell and the Dow to join other indexes towards the ATH breakout levels.
Let's go straight to the chart.
2 important levels:
1. $153-154 major breakout support
2. $148-$150 previous breakout support
These 2 levels put us in a nice buying support range.
Although we don't see it on this chart the Russell2000 (CFD) is currently up 1.2% (9/7/20 12:20 PM EST). A daily candle close above the $1541 level would put us right back on the bullish zone.
Watch for a potential gap up on the Russell going into Tuesday trading session.
RIDE THE RUSSELL!
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
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