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goodguy
Apr 8, 2021 10:33 PM

Russell 2000: Top may be in.  做空

iShares Russell 2000 ETFArca

描述

F/U from March 14 post (link below).
Calling tops is often a losing guess. But here is why I think it may be in.
1. Recent high is at the weekly channel upper line.
2. Recent high of 234 is at very close to the (5) = 2.618 level.
3. On 4 hour chart the last major wave up high is at the channel midline.
4. On the 1 hour it looks like a head and shoulders top may be developing.
Food for thought. No guarantees. A price close below the 4 hour channel line and the H&S baseline will support this idea. Process your way.
Feedback always welcome.
Take care. Have a great upcoming weekend.
评论
Paul-adam
Thanks for sharing.
DaddySawbucks
Thinking same. Kicked back from 2260. IWM struggles. Expect some rotation at the top from NQ back into RTY before it collapses.
goodguy
rb675
Thank
Have a good night
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