Originally Posted by
roberto.giusto
Hi Billy,
I've added some yesterday to the IWM trade on the short term relatively strong buy signal, as others did as well.
For that additional position the stop loss was not hit.
In today's pivots analysis, could you please advise a possible best point to close the trade and stay neutral, given that the futures at the moment of my writing seem to be pointing to a strong open?
IWM premarket right now is in the middle of the cluster with a strength of 24, between SPP and the 50 DMA, could a move back below MPP at 81.62 be a safe point to exit the trade?