Short Russell 2000:channel bottom in SRTY

IWM facing resistance from 2014 uptrend line. Also two degrees of rising wedge forming with continuing bearish divergence on 1 Day chart. ~14% drop in IWM to 38.2 fib level likely to correspond to the channel fill in SRTY.

Trade attivo:

Target reached (20% profit) but keeping position as IWM lost 200DMA. New target 53 with stop loss at 46.

Trade chiuso: obiettivo raggiunto:

Stopped out at 46 for 15% profit.