/RTY (Russell 2000 small-cap index futures) & IWM made perfect kiss & reversal today off my ‘preferred’ short entry level from yesterday’s video. Arrow breaks denote initial price targets with a solid break below the 1994 support level to spark a powerful wave of selling.
At this point, one could use a tight stop somewhat above the recent (today’s) highs or a slightly wider stop commensurate with one’s preferred price target(s). /RTY 120-minute chart & IWM 60-minute chart below.
RTY 120m Aug 20th
IWM 60m Aug 20th