Just Your Ordinary 50 Day Bearish Engulfing Bar

The small cap index, Russell 2000 $IWM just closed out a 5 point -2.74% range daily candle that cleanly engulfed about 50 days worth of trading.

Image-IWM-just-your-ordinary-50-day-bearish-engulfing-bar -The Trade Risk

I’m old enough to remember when moves like this would occur over multiple sessions.

I’l let this chart speak for itself. Good luck out there.

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Evan Medeiros

Evan is the founder of the Trade Risk. With 25 years of coding experience and a B.S. in computer science, Evan brings a systematic discipline to investing in the stock market.

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