Looks like; we are about to break out.
We touched the upper resistance for the third time, and there was no harsh rejection. At the same time, we got above the 50 EMA. MACD and RSI also painted some bullish signs. This makes me think that we will break out soon.
However... IWM seems to lag behind QQQ and SPY and they are way overbought. In case they fall, this will also tank, so be careful.
However... IWM seems to lag behind QQQ and SPY and they are way overbought. In case they fall, this will also tank, so be careful.
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