CosmicDust

IWM update - 11/16/2014

AMEX:IWM   iShares Russell 2000 ETF
iwm
. red support broke, retested and rejected.
. first time close below 10 day MA on 11/14 since 10/15 market reversal.
. MACD turned negative.
. RSI and stoch are turning downward and made lower low.
. R2FI is flat and has a chance to roll over in coming days.
. 10 day MA is flat and has a chance to roll over in coming days.

Overall impression: it is weak, and time to sell (short) may be near.
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