I am short on iwm
I like it. But on the shorter term (daily, 2 hour) I think we have a gap closing bounce in play which will give us a fantastic shorting opportunity.
I am waiting for confirmation from Monetary Base and $TRAN (leading indicators). If both break support of double top pattern then it will be good sign for bears. New data for Monetary base will be released at thursday this week.
Could not agree more. Lots of open air below. Way too much complacency in this market right now.