Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Russell 2000: One More High And Then A Reversal

|Includes:iShares Russell 2000 ETF (IWM)

The iShares Russell 2000 ETF (NYSEARCA:IWM) penetrated yesterday's high by 0.05 points before reversing.

Price action looks impulsive.

Again, this is a possible low-risk opportunity to position in the Direxion Russell 2000 Bearish 3X ETF (NYSEARCA:TZA).

The stop for a position at these levels in the TZA would be: 15.96

Charts to follow.

Disclosure: The author is long TZA.

Additional disclosure: Illustration only. Not investment advice.

Stocks: IWM