Island Reversal IWM/SPY

Discussion in 'Trading' started by retaildaytrader, Sep 14, 2009.

  1. Here is my thinking. Lots of data coming out tommorrow. Data comes out before the open, price gaps up and jumps over the gap. Island reversal. 5 IWM points in the near term, 25 IWM points in the longer term.

  2. sold to you. i think its a little late for that kind of thinking since iwm has run from a 37 low to 60 today in just a few months.i sold some and hedged the rest of a size position in iwm held since late last year today. i could be wrong but you know what happens to pigs.