Reposting this IWM 0.00%↑ weekly chart. It poked over to set new all-time highs last week, but did not close out the week there. This week becomes even more interesting as we now wait and see if this breakout is ready to run, or if it’s the start of a breakdown.
The good thing here from a trading perspective is that the risk management level is very well defined. Long above, fade below.