SPY_Trader

IWM - Doesn't Get More Bearish

AMEX:IWM   iShares Russell 2000 ETF
Just another bearish post. All three of my regular indicators are now pointing to $IWM taking a dump.

Bollinger Bands, IWM is below the 20 DMA.

Stochastic flashed a bearish signal a few days ago, and is heading to oversold territory.

MACD crossed said to sell on Wednesday.

A contrarian investor would say its a good time to buy though. Persoanally, I'm selling call spreads for Dec expiration.



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