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TradeVulture.com
Jul 22, 2014 1:10 PM

IWM: Major Distribution Leading into a 40% Correction Short

iShares Russell 2000 ETFArca

Description

Pretty straight forward. here. We are seeing distribution forming on larger time frames, which should be telling longs that its time for a rather large correction. Price will test various levels of support gained on the way down the leg, ultimately retesting the Leg Start.
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