Comments on: IWM Bear Flags Ripe for Breakdown https://rightsideofthechart.com/iwm-bear-flags-ripe-for-breakdown/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:19:57 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Lisa Trading https://rightsideofthechart.com/iwm-bear-flags-ripe-for-breakdown/#comment-1026 Tue, 08 Mar 2016 21:02:22 +0000 http://rightsideofthechart.com/?p=170247#comment-1026 In reply to rsotc.

Thanks Randy! I will be closely watching the 102.70ish level. FYI, I just bought TWM instead of TZA. :)

]]> By: rsotc https://rightsideofthechart.com/iwm-bear-flags-ripe-for-breakdown/#comment-1025 Tue, 08 Mar 2016 20:33:06 +0000 http://rightsideofthechart.com/?p=170247#comment-1025 Lisa- I posted some near-term targets on that 10-minute chart of IWM but looking at the 60-minute time frame, I favor a move down to the 102.70ish level before any significant bounce in IWM. Of course, that may or may not happen but if so & you’re using TZA, that might be a good place to book profits & recycle back in on a bounce. Tough to say at this point if or how much IWM will bounce off the 102.70ish target/support level, assuming it gets there but as I’m in this one, I’ll post updates on any significant developments that I see. IWM just took out this morning’s lows… a good sign for the short trade & even better if SPY & QQQ do the same in the next 30 minutes. G-luck!

]]> By: Lisa Trading https://rightsideofthechart.com/iwm-bear-flags-ripe-for-breakdown/#comment-1024 Tue, 08 Mar 2016 20:26:34 +0000 http://rightsideofthechart.com/?p=170247#comment-1024 Too bad cannot short in my IRA account. Will take a position in TWM or TZA.

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