IWM update: reaching target retrace area, but may have more fuel in the tank!

IWM is now in my preferred target retrace area, as pointed out earlier. Can go higher for sure, (technicals are all pointing up, bollinger bands are expanding, etc) but I must note that the price advance since the 8/1 low looks overlapping and thus corrective… Note the break away gap from $119.5 to $119.80. That could be a magnet for price IMHO. I personally take partial profits when targets are met or (very) close. Others may think differently. But that’s what makes the market…

IWM update 08262014


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