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IShares Russell 2000 May Be Reversing

|Includes:iShares Russell 2000 ETF (IWM)

While we did not expect it so soon, it appears that the iShares Russell 2000 ETF (NYSEARCA:IWM) is reversing now instead of having a blow-off top.

If the price action continues from here, there may be an out-side down reversal in the IWM today.

That equates to an outside up reversal in the Direxion Russell 2000 Bearish 3X ETF (NYSEARCA:TZA).

Full analysis to follow.

We are long TZA with a stop at 20.09

Disclaimer:

This report is for discussion purposes and contains our opinions only. This posting is to publicly document our thinking and market analysis actions within the Three Ten Trading entity. The data was obtained from sources believed to be reliable. However, we make no guarantee as to the accuracy of that data.

Investing or trading in equities, futures or options may result in a significant loss of capital, total loss of capital or a loss greater than available capital.

We are not advocating any stock or in any way offering portfolio management advice or stock selection service.

Respectfully,

Paul Mosgovoy, President: Three Ten Trading, LLC

Thank you for reading.

Disclosure: I am long TZA.

Stocks: IWM