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chartsareforships

I am NOT Calling a Top, but this is Worth Consideration

iShares Russell 2000 ETF (AMEX:IWM)  
chartsareforships Updated   
AMEX:IWM   iShares Russell 2000 ETF
Trend Analysis Chart Patterns Fundamental Analysis
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trendanalysis chartpattern fundamental
If this is the "average" long term channel from the 2007 top and 2009 bottom, the overextension of the upper band of the channel that happened two weeks ago is now equal to (percentage wise) the overextension at the pandemic bottom exactly one year ago. I'm not calling a top; I'm just waiting for some consolidation before opening new positions. I'd like to see a serious spike in the 10 year to absolutely wreck the nasdaq100 and then pick up longer dated ITM options. I'd like to hear some other opinions. Let me know in the comments.
Comment:
That was a gorgeous short play. I covered my entire position. Will be watching how price reacts if we go up and touch the 20 day MA.
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