IWM (Russell 2000 small cap etf) is now clearly trading below the minor uptrend line support level that was posted yesterday, along with confirmation of this additional sell signal via a bearish MACD crossover and 13/33-ema bearish crossover on the 60-minute time frame.
IWM 60-minute March 24th
I will post some of the intial downside targets for the TNA (3x bullish small cap etf) Active Short Trade later today. You might also noticed some cosmetic & functional changes to the site today as we working on rolling out a new interface to the website. As such, I will be largely preoccupied with these changes today & will check into the trading room & my private messages/emails periodically throughout the day. Essentially, nothing has changed in my near-term outlook for the equity markets as well as oil & gold/GDX… all of which appear to have more downside in the near-term.
Please note that some of the features of the site might experience temporary issues or may not appear right away if/when the new interface is rolled out but the functionality to the site should be fully restored by the weekend.