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$IWM - Daily Chart

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AMEX:IWM   iShares Russell 2000 ETF
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IWM seeing re-accumulation to complete the larger pattern targeting 115.12. I loaded June 17 $112C's at the 108.99 level aka 61.8, but we could see a little more weakness to 108.19. (Doubt it, but possible)

I see a 3 drives pattern with STO coiling and bullish divergences. I expect a massive short squeeze into OPEX with the amount of short interest and those shorting the expected FOMC pop.

In June 17 $112C's @1.21

My bullish outlook is only until primary objectives met, then will discuss downside targets.

Feragatname

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