claydoctor

IWM room to run down to trend support and then?

Short
AMEX:IWM   iShares Russell 2000 ETF
1
From a previous chart, we are heading lower sooner than projected... Alibaba hang over, China saying its Ok with slower growth, metals and commodities slowing big time, Euro slowing, yikes. A week of doom and gloom I think, and then, perhaps the safety run to big cap S&P and Dow with dividends may not save them. Running for yield, its a panic for yield, where to go where to go. Yada Yada Yada. If IWM breaks this trend support, heading for stops 1 and 2 next, and then? Maybe we bounce, but maybe we don't, this time... mmmm. Let's all be careful out there.
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