$IWM bear/bull case

177
BULL CASE

  • Channel support looms.
  • Big volatility down trend (RVX) - possible support of 29 in RVX from March breakout.

If uptrend from 7/31 in channel continues:
  • 166 would be fill of Feb gap down.
  • ATH's come next at 171.
  • Multi-week, channel upside goes to 185.


BEAR CASE

  • Bearish divergence on RSI, riding up on down volume.
  • Multiple support levers that could get swept away in sell-off.

  • Double top alive if bears capture ~154 in the near future.
  • Early August gap needs filling down to 151.
  • Mid June gap needs filling down to 142.


Open to any thoughts/feedback. Mostly going through this exercise to force myself to be clear-eyed about risk reward.

免责声明

这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。