IWM - still short, but a close above 103 changes the picture
I am still short with a small position, stop at 103.90. This is my opinion only. But what I see is, that IWM is in no-man's-land now.
A close above 102.50 to 103 would be a breakout in my opinion. Then I would go long the next day with a bigger position and a tight stop after closing the short position.
A close under 100 would mean a breakdown. In this case my short position would make money.
A close above 102.50 to 103 would be a breakout in my opinion. Then I would go long the next day with a bigger position and a tight stop after closing the short position.
A close under 100 would mean a breakdown. In this case my short position would make money.