Thesis
Long Inverse RWM due to weakness in small caps.
It would be early to enter this trade.
Confirmations:
1. Above support
2. Higher highs and higher lows on Day and Week chart.
Contradictions:
1. Price is at the 8 Day EMA not above it.
2. Price is below the 21 Day EMA.
Trade:
Long
RWM
Related Trade:
Short
IWM
Disclaimer: All charts are for informational purposes only and should not be considered recommendations to perform actions related to securities.
Long Inverse RWM due to weakness in small caps.
It would be early to enter this trade.
Confirmations:
1. Above support
2. Higher highs and higher lows on Day and Week chart.
Contradictions:
1. Price is at the 8 Day EMA not above it.
2. Price is below the 21 Day EMA.
Trade:
Long
RWM
Related Trade:
Short
IWM
Disclaimer: All charts are for informational purposes only and should not be considered recommendations to perform actions related to securities.
