$IWM: Topping out at top end of channel

2月2日

This is a follow-up from my SPY and QQQ note:-

-> Classic top out with MACD peaking at +2.5x standard deviation and accumulated volume topping out at +3.5x standard deviation.
-> Very likely witnessing a lower high forming at 0.618x fibonacci retracement.

https://www.tradingview.com/chart/SPY/bkaBVWzM-SPY-Red-flags-aplenty/

https://www.tradingview.com/chart/QQQ/UYIaxSEo-QQQ-Island-reversal-gap-formation/