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	Comments on: Nasdaq &#038; Russell 2k Trade Setups	</title>
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		By: rsotc		</title>
		<link>https://rightsideofthechart.com/nasdaq-russell-2k-trade-setups/#comment-23873</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Thu, 12 May 2022 17:43:25 +0000</pubDate>
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					<description><![CDATA[I&#039;ve added some ideal stop &#039;scale out&#039; levels (1/3, 1/3, 1/3) for /RTY taken on either a break above the 10-minute &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;downtrend&lt;/abbr&gt; line, the 1753 &quot;benefit-of-the-doubt&quot; resistance level just above as well as any longs taken at the weekly &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Second Profit Target&#039;&gt;T2&lt;/abbr&gt; support on IWM today, although longer-term swing or trend traders that covered &amp; reversed IWM or /RTY at T2 today might opt to give it a little more room, maybe even wait for a solid weekly close below that level (tomorrow 4pm) although we still don&#039;t have a breakout/buy signal on this 10-minute chart yet, only the tag of support on the weekly.]]></description>
			<content:encoded><![CDATA[<p>I&#8217;ve added some ideal stop &#8216;scale out&#8217; levels (1/3, 1/3, 1/3) for /RTY taken on either a break above the 10-minute <abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>downtrend</abbr> line, the 1753 &#8220;benefit-of-the-doubt&#8221; resistance level just above as well as any longs taken at the weekly <abbr class='c2c-text-hover' title='Second Profit Target'>T2</abbr> support on IWM today, although longer-term swing or trend traders that covered &#038; reversed IWM or /RTY at T2 today might opt to give it a little more room, maybe even wait for a solid weekly close below that level (tomorrow 4pm) although we still don&#8217;t have a breakout/buy signal on this 10-minute chart yet, only the tag of support on the weekly.</p>
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