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Wednesday, October 03, 2018 9:07:28 AM
IWM Extends Yesterday's Key Downside Reversal Session
By: Mike Paulenoff | October 2, 2018
IWM-- so much for shorting a bounce in sympathy with strength in DIA, SPY, and QQQ this AM. IWM is down another 0.70%, as it follows-through to the downside from yesterday's Key Downside Reversal Day (Bearish Engulfing Candle). The divergences continue. My sense is that the relative weakness in IWM is a warning about the health of the other major market ETFs rather than a buying opportunity in the Small Cap space...
https://www.mptrader.com/middaymarkets/
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By: Mike Paulenoff | October 2, 2018
IWM-- so much for shorting a bounce in sympathy with strength in DIA, SPY, and QQQ this AM. IWM is down another 0.70%, as it follows-through to the downside from yesterday's Key Downside Reversal Day (Bearish Engulfing Candle). The divergences continue. My sense is that the relative weakness in IWM is a warning about the health of the other major market ETFs rather than a buying opportunity in the Small Cap space...
https://www.mptrader.com/middaymarkets/
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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