The IWM short still looks fine for now, recently putting in a divergent high on the 60-min chart. Watching to see if the PPO 9-ema is rejected on this backtest of the zero line (daily time frame), which would keep that trend indicator on a sell signal. Also awaiting a break below this 60-minute uptrend line for the next objective short entry or add-on to an existing position in IWM.
IWM Trade Update
Share this! (member restricted content requires registration)
3 Comments