Russell 2000 (RUT) : Overbought

From the Ichimoku chart, we can see that RUT is very overbought now.

The price level is far off the Tenkan sen. Or put it another way, Tenkan sen has trouble keeping up with the rise of RUT.

We can also confirm this with RSI which shows that RUT have been trading in the overbought territory for some time.

Looking to hedge against a possible drop for RUT with an April 680/690 CALL.

By iam802

Trend trading with Ichimoku


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