Olu

Russell 2000: A Possible 2618 Short Trade

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TVC:RUT   US Small Cap 2000 Index
Comments on the chart. Now there are a lot of bullish indications on the chart as well. For example price is above both SMAs which is bullish. So care must be taken when considering this idea for a short
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As with the 2618 trade the idea is still in play if the double top is not taken out. So there it is. Today's price action helps the idea
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All the major stock market indices fell last friday including the Russell 2000. The double top is still intact. However I am lowering the risk to the high of the doji at 1592
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Price is falling but not as hard as the other major US stock markets. It is a fall nevertheless...
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