RUT WEEKLY FOR 8-5-19

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Rut took out prior week high and low.

. HIGH OF 1599.40

LOW OF 1522.37

. SEE TIGHTENING WEDGE OR TRIANGLE FORMED IN CHART

. below 21 wk ma and 50 week ma

. Bollinger band 1483

*** will the false breakout lead to a breakdown this week… will be MAJOR TELL to test 1460 from 6/07.??? or will it take out 1600 and test 1519. OR coil and go sideways.

Published by stephenbalsam

I have been trading electronic emini futures since they started . I have trained 100s in the method I use. This blog is just informational purposes and TRADE at your OWN risk!

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