IWM - Russel 2000 Channel Play
The IWM has been trading within a well defined channel in much of 2013 and with today's test of the lower channel, higher lower, and strong bounce amidst a red day in the rest of the market I think the potential for a bounce to test previous highs is in the cards. However, you must follow what the market gives you, don't try to force counter trend trades.
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