Working with weekly charts I love the IWM. Why is that? Because it has not moved much in over a year as we can see in the black line in the image. It is also said that the IWM is a leading indicator and shows the way of the SPX
Read MoreI was waiting for my two candles since Monday but the underlaying took a small retraction. Today on Thursday we saw a bullish engulfing. It was rejected at the 229-230 Resistance level. An area with over 100,000 Call and 50,000 Put options. If this level is broken the MM will
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