IWM Follows

“The man who does more than he is paid for will soon be paid for more than he does.” – Napolean Hill

More great action this very stormy day in my parts, which saw IWM definitively, for now, breakout of the nice long flat channel it’s been working on.

With SPY, IWM and QQQ all breaking nicely higher out of bases I don’t much other than upwards action coming our way, still.

Stay with the trend.

(Click on image to enlarge)

The breakout is holding and accelerating, leaving shorts holding the bag.

Lower volume on this breakout isn’t worrying at this time.

The trend remains up.

These are my thoughts on the SPY ETF in my Daily Trade Ideas which includes many, many more charts and setups. Subscribe to my ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.