The 30-minute chart for the small cap ETF which we looked at yesterday still has that rising wedge setup in play.
As you can see on the IWM ETF, updated below, the rising wedge broke lower as small caps continue to lag the market. That may not matter much to the likes of DGLY or GPRO longs.
But after Labor Day I suspect it will, if bulls fail to drag the small caps up new highs along to compliment the S&P and Nasdaq.
What are you trading this afternoon?
____________________________________________________
Long – $JO, $WEAT & $BKS
Good book, sir.
WEAT. Considering possible adds to positions in TC and NURO; initiating ETAK or RXII.
Good to see you, mateo. Hope you are well.
Thanks, Chess, you too. Some heavy personal stuff but finished the dissertation which was a long time coming together.
Good man. Congrats.
Did you take this picture during your birthday lunch! and why wasn’t I invited!
You are always invited, yoshii. Open invitation.
Short $IYT
Like it
Giving OLED a go.
Not bad
Alright, who is she
Alexis…
…Reneg
oh whaddya know i already follow her. i’m like a model connoisseur
I knew it.