Russell 2000 Warning

by stockboardasset

After a massive 83 percent move in the Russell 2000, is it now time to start taking profit, and or take advantage of strategies to capitalize on the downside?

IWM (weekly) R3 169.77 rejection with downside target R1 160

While we could be entirely wrong on the IWM Aug31’18 70 Puts, we do expect downside in small caps heading into August.