It appears that a breakdown below the 60-minute bearish rising wedge on /RTY (Russell 2000 Small-cap futures) and IWM (R2k ETF) is likely & imminent. As such, aggressive traders might opt to take a starter position in anticipation of the breakdown & add if/when a sell signal is triggered on a solid break and/or 60-minute close below the trendline. Same targets as posted yesterday (click here to view that post for IWM targets).
RTY 60m Aug 4th