The IWM (ETF for the Russell 2000) is now extremely oversold on
daily and weekly charts. It has dropped to its 50 month moving
average, on the monthly chart. It’s only done that 5 previous times
since 2009. It kept going lower during the financial crisis in 2009
and the bottom of the Covid crisis in 2020. The other three times
marked a bottom. On the DeMark monthly chart it has a "buy
perfection 9 count". I got long today, for at least a
trade.
The IWM (ETF for the
Posted by pkrsek on 15th of Jun 2022 at 11:52 am
The IWM (ETF for the Russell 2000) is now extremely oversold on daily and weekly charts. It has dropped to its 50 month moving average, on the monthly chart. It’s only done that 5 previous times since 2009. It kept going lower during the financial crisis in 2009 and the bottom of the Covid crisis in 2020. The other three times marked a bottom. On the DeMark monthly chart it has a "buy perfection 9 count". I got long today, for at least a trade.
Whats the 3x long IWM
Posted by fredsaid on 15th of Jun 2022 at 12:58 pm
Whats the 3x long IWM ?