No $LUV For This Stock, Watch This Trade LevelTrade: Incredible Move On The Russell 2000 $IWM May Have Peaked
The Russell 2000 (IWM) has surged an incredible 25% since the December 26th, 2018 low. This is one of the most insane moves in any index in such a short period of time. While all indicators are flashing overbought, the real story can be seen in the daily chart. The Russell 2000 ETF $IWM is kissing the 200 moving average as well as pivot resistance points from November and October 2018. If there is any pull back, it will come within days on here. A retrace to $150 is the likely first target.