A break below 156-ish is bearish in my opinion, and increases the likelihood that IWM will retest the bottom of its descending channel. In addition to that, the RSI is showing overbought conditions. If it breaks below the 156-ish level, I will short it via puts and look for a risk/reward somewhere in that area I noted.
Fundamentally, it all hinges on the Fed meeting later this afternoon. I still believe a meager 25 BP rate cut will send the market hopesters to their "safe places," while they pout. Therefore, sending the markets lower while they sulk in their own pity.
Don't be a hopester ... use solid analysis. DO YOUR OWN RESEARCH AND BE RATIONAL ABOUT IT!! Yes, I know the markets are irrational at times. However, you can still give yourself an edge that the hopesters don't have by analyzing instead of guessing (gambling).
Fundamentally, it all hinges on the Fed meeting later this afternoon. I still believe a meager 25 BP rate cut will send the market hopesters to their "safe places," while they pout. Therefore, sending the markets lower while they sulk in their own pity.
Don't be a hopester ... use solid analysis. DO YOUR OWN RESEARCH AND BE RATIONAL ABOUT IT!! Yes, I know the markets are irrational at times. However, you can still give yourself an edge that the hopesters don't have by analyzing instead of guessing (gambling).
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。