My Life My Trade

Sold 33% position

TNA should move down by 15 to 20% to $30-$32 region.

IWM makes big moves down when energy sector moves down. Dollar has corrected, but oil hasn’t. Look for IWM to make a big move down the day oil corrects.

I expect a minimum 5 to 7% retrace in IWM. This should bring TNA down by 15 to 20% depending upon how fast the move happens, bringing TNA down by $6 or so to $32-$33. I will bail out if IWM breaches Friday highs.