Russell 2000 Index: A Short Setup

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Russell 2000 Index: A Short Setup

By David Spurr on November 30, 2008 | More Posts By David Spurr | Author's Website

I’m watching the iShares Russell 2000 Index (IWM) as a potential shorting opportunity. It’s approaching the top of a declining channel, setting up a potential short. I’ll set a 2pt stop above the top of the declining channel. My price target is 34 area.

IWM - Russell 2000:

Short Russell2000 Proshares (RWM):

I’ll start looking at purchasing RWM on Sunday night.

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