claydoctor

IWM 107.50 achieved, now what?

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AMEX:IWM   iShares Russell 2000 ETF
1
So as I have said, 107.50 was reached, and now what? The indicators I watch say we get a bounce here, to some level short of the arc shown. Now that we have the SPY and DOW heading lower, the IWM as a leading indicator has been established. I don't pretend to be able to understand how this blood red moon, and any full moon for that matter, has an effect of increasing tensions and volatility in people, and by extension the markets, but I have to admit it does. We are at a very critical moment here. The volume of world events, and new news events are increasing, and the "fear factor" is in play, no doubt. (incidentally, is there a "fear"? indicator on tradingview.com's list of indicators, have not checked? ) I just think we are not done here to the downside until we pass this full moon October 8th, and have no evidence to support it. Watching tomorrow's bounce, maybe a cat, maybe none, and we head down further. Don't have a way to register panic. Hey lets be careful out there.
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