MichaelEugen1

IWM Redistribution

Short
AMEX:IWM   iShares Russell 2000 ETF
Hey all, I wanted to share the fact that IWM literally looks 1 for 1 with its March setup before the rally eventually faded and it made its next leg lower. I've been comparing this rally to March- even prior to the rally actualizing this week- and IWM is likely setting up in virtually the same way before its next leg lower. I think the market will be higher next week, but this could easily present a solid shorting opportunity. My predicted move is drawn out.
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