$IWM has been bleeding for 13 straight sessions—either closing red or under the open every single day.
That's a brutal grind. No relief rallies, no bounces, just relentless selling pressure.
At some point, you get so oversold that even the bears take a breather. We're probably due for a snapback—maybe a short squeeze, maybe just profit-taking on shorts.
Watch for a gap-up or a strong morning reversal. If $IWM can reclaim a key level and hold, that could be your entry for a quick mean-reversion trade.
Don't marry it. Just ride the bounce and get out. Downtrends love to fake you out with one green day before resuming the dump.
That's a brutal grind. No relief rallies, no bounces, just relentless selling pressure.
At some point, you get so oversold that even the bears take a breather. We're probably due for a snapback—maybe a short squeeze, maybe just profit-taking on shorts.
Watch for a gap-up or a strong morning reversal. If $IWM can reclaim a key level and hold, that could be your entry for a quick mean-reversion trade.
Don't marry it. Just ride the bounce and get out. Downtrends love to fake you out with one green day before resuming the dump.