IWM Russell 2000 2 hour log chart: Another update. Still Short.

24 days ago I posted a count of IWM I thought likely.. So far the peek at that time has not been exceeded. I now think there is a good chance a true downtrend has started. Both of the counts I currently favor are bearish. Both have a stop of 123.82. Notice we now have a negative reversal in the RSI. Bear ETFs 2x: TWM, 3x TZA. Best to ya. Goodguy

Not a recommendation. Just an observation. Trade the way you trade.