Pashabxl
Short

IUX: RUSSEL 2000 A clear double top formation correction at 1000

RUSSELL:RUT   Russell 2000 Index
Generaly, I do not make public studies concerning IUX unless they is a clear or obvious pattern because contrary to other indexes, I do not follow on hour base this index as I do for SPX DOWI CAC and DAX .
Having said that, there is a clear opportunity for those who wishes to enter short RUSSEL 2000 because unless I am mistaken, there is a very very clear double top formation, i.e a neckline, a pull up and then the continuation.
I saw it, and I was willing to share it.

Comments

very nice. i do not trade these but that is a nice PA symbol right there, you are correct in the double top. let's hope it give some profits. also note the divergence at rsi enforcing it.
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