Im surprise that Russell has not gone down or at least give into a healthy pullback to 190. There are so many stocks in this ETF that are trading relatively high to pre-covid prices. This ETF is juiced up with fed money. Its unbelievable! Sooner or later its gonna want more? More stimulus money, WTH? Why not?
Three weeks ago the uptrend channel was broken and this week its trying to come back to it. With the US economy coming out of the pandemic, it makes sense for IWM to come back to the uptrend channel? MACD just crossed so maybe its gonna go up. Does Russell range bound until the earnings come out in July or it can't wait any longer. I think its going up. Fed wins.
Three weeks ago the uptrend channel was broken and this week its trying to come back to it. With the US economy coming out of the pandemic, it makes sense for IWM to come back to the uptrend channel? MACD just crossed so maybe its gonna go up. Does Russell range bound until the earnings come out in July or it can't wait any longer. I think its going up. Fed wins.