CosmicDust

IWM weekly - similarities to May 2008 - 4/15/2016

AMEX:IWM   ISHARES RUSSELL 2000 ETF
iwm
55 1 2
iwm
Current rally has many similarities to May 2008. Given the downward pointing 40 week MA, it so far still looks like a bear market counter trend rally.

Next week will be interesting to watch. If it continues to rally I will consider long only after it makes a higher low and a higher high.


PKA
7 months ago
great chart :)
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