claydoctor

IWM weakest link may be best indicator

AMEX:IWM   iShares Russell 2000 ETF
5
watching the red circle for action. Buy the dip may try today, tomorrow, but it will take more risk to buy this now than selling until the real smoke clears on all this from the wild fires yesterday. Took many by surprise, but I expected this (vix response) last week, just took a little longer. Trump trip Friday to middle east and world also a volatility factor. Could take a week before markets gets its legs back, may be small further sell today, perhaps sideways move for a bit? No one is sure here of anything, and dippers are hoping and guessing, hoping they guessed right. IMO we dont fill the gap of yesterday for a long time, resistance, and the lower gap may be next support, eventually. no time frame.
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