IWM ETF – Due For a Pullback IMHO

stock chart

 

 

 

It seems like the ETF IWM is about to pullback

I bought some October 2018 puts with a strike price of 158

iwm due for a pullback

For the full chart, CLICK HERE or on the picture above.

I like to trade IWM, it is very liquid and easy to get in and out of.  It seems to me that IWM moves first, before SPY or DIA.

It is my own personal opinion that right now, the small cap market run is done.  Traders will probably want to start locking in their profits.  Looking at a chart on FINVIZ, seems to show the same thing, at least to me anyway.

Purpose of this blog is to give general education and information about investing and economics. It is not advice.

James

I live in Pittsburgh PA with my family. I am 50% WWE Wrestlemaniac, 50% Walt Disney World nut.

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