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Russell 2000 Is NOT Done

By Kay KimStock MarketsOct 02, 2017 08:14PM ET
www.investing.com/analysis/russell-200-is-not-done-200216540
Russell 2000 Is NOT Done
By Kay Kim   |  Oct 02, 2017 08:14PM ET
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Without being accused of arrogance I think I can say that this is exactly what I envisioned/expected from the Russell 2000 when I was aggressively buying the dips--accumulating CALLS March through August, as my followers know that I've been documenting my thoughts/analysis in my Journal Post on every turn.

I am expecting and envisioning much higher move from the Russell remainder of this year and two quarters of next year with the minor-term corrections along the way.

And that's why I am still holding all of my CALLS as of today--no 'trim-and-trail', only trusting my analysis and standing firm on my projected target.

Today, my RSI indicator just hit a historical new all-time high as iShares Russell 2000 (NYSE:IWM) prints 150 today; we are probably going to face some kind of short-term pullback or consolidation in the near term.

I don't think we will pullback all the way down to breakout level of 144-145, but if we do, I will be adding more CALLS.

IWM Daily Chart
IWM Daily Chart

*This post was originally posted on my blog.

Russell 2000 Is NOT Done
 

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Russell 2000 Is NOT Done

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