RT 20DMF Update

[Billy]

Billy,

In the last 30 minutes of trading there was a sell-off. Did this change the picture on the 20DMF?

Thanks

Yes and it is objectively concerning if taken in isolation. It was a potential short term reversal warning. Within a longer term perspective, what matters is that the 20 DMF is weaker but still far from issuing a sell signal. Also, as I said to Nickola, we should expect IWM closing at intraday VWAP (74.70) at worst to confirm that buy programs are still switched on and IWM did just that.
Billy