GravityTrades

IWM CHANNEL BOUNCE COMING

Long
AMEX:IWM   iShares Russell 2000 ETF
$IWM here doesn't look that bad for a channel bounce.

It has been stuck in this range for a long time now and once again seems to be on the bottom of that sideways channel.

I like it as a long down here and your stops are close if we break and close under the channel.

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