patfarlowb6

IWM small cap, possible tweezer tops?

BATS:IWM   ISHARES TRUST
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Possible triple top forming, in conjunction with a possible tweezer top . If instead we move higher, i'll go long with stop under 82 as support, with a target of July highs $85, risking $1 to get $3. If instead we get a tweezer , i'll go short with a stop above tweezer tops , target would be bottom of channel at $78, risking $1 to get $4. This doesn't always work but the R/R tends to help us stay profitable.

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