IWM has been pretty rangebound as of late, and it looks like its going to bounce down to around 219 or so.
Yesterday we saw IWM bounce of the upper Bollinger Band.
The MACD hasn't turned bearish yet, but should confirm a downward trend today.
The Stochastic is showing downward pressure.
This is not to say that IWM is expected to crash, but it may be a good idea to sell some calls.
Yesterday we saw IWM bounce of the upper Bollinger Band.
The MACD hasn't turned bearish yet, but should confirm a downward trend today.
The Stochastic is showing downward pressure.
This is not to say that IWM is expected to crash, but it may be a good idea to sell some calls.