Hello & welcome to this analysis on the index The index has had a dream run since April of this year. What lies ahead? Does it continue its outperformance or does it lose its shine and starts seeing profit booking? Currently at a resistance in higher time frame with support quite far. The Dec quarterly candle and the Jan monthly candle will give clarity for...
Did you sell all your Small caps in the small cap crash yesterday? If you look at the weekly HeikenAshi chart of SmallCap Index, it is still long. Following it would have avoided panic sell.
Disclaimer - I don't share of IWM ETF. This analysis is not a trading or investment recommendation & is only for educational purpose. 1.IWM has been in a lower high lower low structure after the false break out. 2.The long consolidation support area was broken indicating that the activity during consolidation was distribution. 3.IWM has paused its downtrend & has...
Nice profit booking seen at higher levels... Re-testing.... Breakout levels ????
SMALLCAP (MONTHLY):- SMALLCAP INDEX NEED TO CLOSE ABOVE 6200 THEN 7000+++ LEVEL COMES STOPLOSS 5300 DCB