Short Russell 2000 $IWM $RUT

٢٩ نوفمبر ٢٠١٦

After 15 days of gains the RUT finally broke its uptrend and is very overbought on the daily chart.

First target for shorts is the .236 Fib level at 1300/2. If it holds that level and consolidates it may prove a good spot to be long.