05/26 – ETF Trading – IWM, UWM

IWM closed higher yesterday, but not enough to trigger our etf exit signals. Take a second and final trading position should IWM close lower than our entry price and the RSI 2 falls below 6.

Otherwise, our exit signals are triggered when the closing price for IWM is higher than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. We’re using the latter.

For trading UWM, follow the signals for IWM. All trades are at the market close. Please trade responsibly. Updated charts are posted below.

This etf trading strategy is the RSI 10/6 Strategy found in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

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