Commentary

7/29/21 IWM/TNA

This is typical IWM behavior. It got to about where it was going in February, and crashed into the 13 week SMA from the side. It could stay like this for a long time. Assuming it does, the idea is to buy when prices cut below the 13 week SMA and sell at some point above.

The daily pattern is prettier. 222 – 209 = 13. 215 + 13 = 228.

For TNA, 88 – 73 = 15. 80 + 15 = 95.

Not exactly a sure thing of course and it would have been better to go long a day or two ago.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s